Question
Assume that you have invested $100,000 in Japanese equities. When purchased the stock's price and the exchange rate were 100 and 100/$1.00 respectively. At selling
Assume that you have invested $100,000 in Japanese equities. When purchased the stock's price and the exchange rate were 100 and 100/$1.00 respectively. At selling time, one year after purchase, they were 110 and 110/$1.00. The dollar rate of return would be:
- A. 4.32%
- B. 0%
- C. -9.09%
- D. 28.00%
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Foundations Of Finance
Authors: Arthur J. Keown, John H. Martin, J. William Petty
10th Edition
0135160618, 978-0135160619
