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An Australian investor bought shares in British Telecom at the start of the year for 111 per share and sold them at the end of
An Australian investor bought shares in British Telecom at the start of the year for 111 per share and sold them at the end of the year for 122 per share. During the year they paid a dividend of 9 per share. Over the year, the exchange rate went from A$1.71/ to A$1.94/. What was the total Australian dollar return, in percent, on this investment for the year? (if your answer is 18.85%, please enter 0.1885, not 18.85%)
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