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A Chinese investor purchased 100 of Tesla stock on January 31, 2020, at $153.00 per share. Tesla paid an annual dividend of $1.50 per share
A Chinese investor purchased 100 of Tesla stock on January 31, 2020, at $153.00 per share. Tesla paid an annual dividend of $1.50 per share on December 31, 2020. The investor sold the stock on the same day for $168.00 per share. The exchange rate was CNY 4.14 per 1 USD on January 31, 2020, and CNY 4.50 per 1 USD on December 31, 2020. What is the investor's total return in Chinese yuan
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Global Business Today
Authors: Charles W. L. Hill Dr, G. Tomas M. Hult
10th edition
1259686698, 978-1259686696
