Question
At the start of the year, you purchased some shares in IBM (a US company) for $US 72.45. The exchange rate at the time of
At the start of the year, you purchased some shares in IBM (a US company) for $US 72.45. The exchange rate at the time of purchase was $US1 = $NZ 1.76. Now the exchange rate is $US1 = $NZ 1.88, while the shares are worth $US 69.63. IBM paid no dividends over the year. What is your ($NZ) holding period return from the start of the year until today?
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Own Your Money
Authors: Michela Allocca
1st Edition
0760381127, 978-0760381120
