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A French investor sold IBM stocks she bought one year ago. She had invested 1,000 Euros to buy IBM shares for $50 per share and
A French investor sold IBM stocks she bought one year ago. She had invested 1,000 Euros to buy IBM shares for $50 per share and sold the shares for $56.25 per share. The exchange rate was $/ = 1.15 at the beginning and $/ = 1.4504 at the end of the period.
What is the Return on investment in Euro terms? It says the answer is -10.81%
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