Question
A US investor purchases one share of Siemens stock in the Frankfurt Stock Exchange for 112. The spot exchange rate is $1.14/ . A year
A US investor purchases one share of Siemens stock in the Frankfurt Stock Exchange for 112. The spot exchange rate is $1.14/ . A year later, the stock sells for 108. In the meantime, the Euro has appreciated to $1.30/ . What rate of return did the investor earn?
| 14.04% | ||
| -3.57% | ||
| -14.04% | ||
| 9.96% |
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Introduction to Financial Accounting
Authors: Charles Horngren, Gary Sundem, John Elliott, Donna Philbrick
11th edition
978-0133251111, 013325111X, 0133251039, 978-0133251036
