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3. Mr. Justin Z. Mier, is an international investor, just sold a share of Nestle, a Swiss firm for SFS5,080. He bought the share for

3. Mr. Justin Z. Mier, is an international investor, just sold a share of Nestle, a Swiss firm for SFS5,080. He bought the share for SF4,600 a year ago. The exchange rate is SF1.60/US$ now and was SF1.78/US$ a year ago. Mr. Justin received SF120 as a cash dividend immediately before the share was sold. Calculate the rate of return on this investment in term of US dollar. (12 marks)

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