Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

asap pls i have 20 min A German investor buys 210 shares of Crane Ltd. for $11,550 ( $55 per share). Over the course of

asap pls i have 20 min image text in transcribed
A German investor buys 210 shares of Crane Ltd. for $11,550 ( $55 per share). Over the course of a yeat, Crane Ltd. goes up by $8.65 a. If there is a 10 percent gain in the value of the dollar versus the euro, what will be the total percentage return to the German investor? (Do not round intermediate calculations, Round the finol onswer to 2 decimal places.) Total percentage return \% b. Now assume the stock increases by $10 but the dollar decieases by 10 percent versus the euro What will be the total percentage return to the German investor? (Round your final onswer to the nearest whole percentage.) Total percentage return %

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Markets And Institutions

Authors: Jeff Madura

5th Edition

0324027443, 9780324027440

More Books

Students also viewed these Finance questions

Question

=+a) What are the factors they are testing?

Answered: 1 week ago

Question

Understand the reasons for engaging consultants

Answered: 1 week ago