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(c) Your uncle, an avid international investor, just sold shares of IKEA, a Swedish firm, for Skr50. The shares were bought for Skr42 a year
(c) Your uncle, an avid international investor, just sold shares of IKEA, a Swedish firm, for Skr50. The shares were bought for Skr42 a year ago. The exchange rate is Skr5.8 per AUD now and was Skr6.65 per AUD a year ago. He received Skr4 as a cash dividend immediately before the shares were sold. Compute the rate of return on this investment in Australian dollar terms. (4)
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