Question
Assume that you have invested USD 100,000 in Japanese equities. When purchased the stock's price and the exchange rate were YEN 100 and YEN 100
Assume that you have invested USD 100,000 in Japanese equities. When purchased the stock's price and the exchange rate were YEN 100 and YEN 100 / USD respectively. At selling time, one year after purchase, they were YEN 110 and YEN 110 / USD. What is the USD rate of return?
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
7th Edition
013213683X, 978-0132136839
