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A New Zealand investor purchased 189 shares of APPL Company, a US company listed on the NASDAQ, at 90 USD per share one year ago
A New Zealand investor purchased 189 shares of APPL Company, a US company listed on the NASDAQ, at 90 USD per share one year ago when the exchange rate was 0.75 USD/1 NZD. APPL Company did not pay any dividends over the year and is currently trading at 94 USD per share. The current exchange rate is 0.80 USD/1NZD. What is the NZD denominated annual rate of return on the investment? 4.17% 0 7.29% O 1.04% -2.08%
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