Question
At the end of 2017 you bought 750 shares of a Brazilian stock at a price of 220 Brazilian Real (BR) per share. At that
At the end of 2017 you bought 750 shares of a Brazilian stock at a price of 220 Brazilian Real (BR) per share. At that time the spot exchange rate was 0.2128$/BR. Eight months later, you sold these shares for 320.5 BR/share. If your US-$ holding period rate of return on that investment was 12.5%, what was the exchange rate when you sold the Brazilian firms shares?
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Sport Finance
Authors: Gil Fried, Steven Shapiro, Timothy D. Deschriver
2nd Edition
0736067701, 978-0736067706
