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An American resident purchased 200 shares of a German company one year ago. In the one year period, th share price rose 12% in terms
An American resident purchased 200 shares of a German company one year ago. In the one year period, th share price rose 12% in terms of the euro (Ri= 0.12), while the euro appreciated 4% against the US dollar (e 0.04), What is the return on investment for the US resident if he sells his shares today in US dollars?
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The Tools And Techniques Of Investment Planning
Authors: Stephan R. Leimberg , Thomas Robinson , Robert R. Johnson
3rd Edition
193982916X,1939829178
