Question
A South African investor has bought 5000 Facebook shares 10 years ago at $25 per share (assuming there are no other investment costs). At
A South African investor has bought 5000 Facebook shares 10 years ago at $25 per share (assuming there are no other investment costs). At the time of purchasing the shares the indirect quote exchange rate was $0.1333/ZAR. The current exchange rate as at 6/09/2021 is R5.20/S and Facebook share price is $30. 3. If the SA investor decides to sell all his shares, what will be a capital gain or loss in ZAR? a. R12266 b. -R125882 CR780000 d. R125000 e. -R157734 4. If the SA investor decides to sell all his shares, what will be a capital gain or loss in USD? a $25000 b. $78000 C. $22500 d. $20500 e $33000 Page 12
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
15th edition
77861612, 1259194078, 978-0077861612, 978-1259194078
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