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chegg answers are wrong please help Required: Suppose you are a euro-based Italian investor, and you are investing 10,800 to buy shares of a British
chegg answers are wrong please help
Required: Suppose you are a euro-based Italian investor, and you are investing 10,800 to buy shares of a British company at $50 per share. The exchange rate is 1.35 per pound. The stock pays a f1 dividend one year later, and you sell your shares for 57. The exchange rate has changed to 61.40 per pound at the time of your sale. What is your pound rate of return on this investment and the change in poundpound, what is your euro rate of return on this investment? Note: Enter your answer as a percent rounded to 2 decimal places Step by Step Solution
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