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59. Two years ago an American investor purchased common shares of Borracho S.A., a Mexican company, for 460 Mexican pesos per share. At the time
59. Two years ago an American investor purchased common shares of Borracho S.A., a Mexican company, for 460 Mexican pesos per share. At the time the shares were purchased on the Mexico City Bolsa (stock exchange), the exchange rate was 19.20 pesos per U.S. $1. The exchange rate is now 21.40 pesos per $1 while I M Borracho common is trading at 520 pesos per share. If the shares were sold today, the average annual return from this investment in dollar terms is:
Enter the return as a percentage
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