Question
Amanda purchased stock in a German firm at a price per share of 35 euros when the US $/euro exchange rate was $1.40. After six
Amanda purchased stock in a German firm at a price per share of 35 euros when the US $/euro exchange rate was $1.40. After six months, Ann sold the stock for 37 euros when the US $/euro exchange rate was $1.45. The stock does not pay a dividend. What is Ann's rate of return on this investment?
| 9.5% | ||
| 5.7 | ||
| -9.5 | ||
| -5.7 |
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Fundamentals Of Financial Management
Authors: James C. Van Horne
10th Edition
0138596875, 9780138596873
