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A German investor buys 130 shares of Crane Ltd. for $7,800 ( $60 per share). Over the course of a year, Crane Ltd. goes up
A German investor buys 130 shares of Crane Ltd. for $7,800 ( $60 per share). Over the course of a year, Crane Ltd. goes up by $8.65. a. If there is a 10 percent gain in the value of the dollar versus the euro, what will be the total percentage return to the German investor? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Total percentage return % b. Now assume the stock increases by $10 but the dollar decreases by 10 percent versus the euro. What will be the total percentage return to the German investor? (Round your final answer to the nearest whole percentage.) Total percentage return %
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