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4. Given the following information on a U.K. stock trading on the London Stock Exchange (LSE): Dec 8, 2020 Dec 8, 2021 Price Price Dividends
4. Given the following information on a U.K. stock trading on the London Stock Exchange (LSE): Dec 8, 2020 Dec 8, 2021 Price Price Dividends Share price, pounds 27.50 49.50 0.75 Exchange rate, US$/pound $1.340 $1.32 If you bought 100 shares of the stock on December 8 of 2020, received the indicated dividends over the past year and sold the stock on December 8, 2021, what is the percent return on this investment in foreign securities from the perspective of a U.S. investor? (5 points) 5
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