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?
a 14.04% b -3.57% c -14.04% d 9.96%
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Quantitative Trading
Authors: Ernest P. Chan
2nd Edition
1119800064, 978-1119800064
