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A U . S . resident bought 1 0 0 shares of VMT at a price of 4 6 AUD per share a year ago
A US resident bought shares of VMT at a price of AUD per share a year ago on the Australia Stock Exchange. At that time, the AUDDollar exchange rate was AUD per dollar. The exchange rate is now AUD per dollar. The shares paid AUD in dividends during the year and are selling today for AUD per share. Determine: a The Dollar investment in VMT shares b The Dollar return to the investor c The percentage return to the investor
A US resident bought shares of VMT at a price of AUD per share a year ago on the Australia Stock Exchange. At that time, the AUDDollar exchange rate was AUD per dollar. The exchange rate is now AUD per dollar. The shares paid AUD in dividends during the year and are selling today for AUD per share.
Determine:
a The Dollar investment in VMT shares
b The Dollar return to the investor
c The percentage return to the investor
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