Calculate the euro-based return an Italian investor would have realized by investing 10,000 into a 50 British
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Question:
Calculate the euro-based return an Italian investor would have realized by investing 10,000 into a 50 British stock. One year after investment, the stock pays a 1 dividend, and sells for 54 the exchange rate has changed from 1.25 per pound to 1.30 per pound, although he sold 8,800 forward at the forward rate of 1.28 per pound.
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