Question
An investor invests $1,000, paying 10% per annum. At the time of making the investment the exchange rate was $2 = 1. At the end
An investor invests $1,000, paying 10% per annum. At the time of making the investment the exchange rate was $2 = 1. At the end of the year the exchange rate is $1.90 = 1. Calculate the return of the investor?
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Financial Management Principles And Applications
Authors: Arthur J. Keown, J. William Petty, John D. Martin, Jr. Scott, David F.
10th Edition
0131450654, 9780131450653
