Answered step by step
Verified Expert Solution
Question
1 Approved Answer
CORRECT ANSWER IS THERE. JUST NEED HELP ON HOW TO GET THE ANSWER. THANK YOU Use the following information to answer questions 1315. A U.S.
CORRECT ANSWER IS THERE. JUST NEED HELP ON HOW TO GET THE ANSWER.
THANK YOU
Use the following information to answer questions 1315. A U.S. investor invested \$ 1 million in shares of a U.K. firm, Barclays, on January 1, 2019. The price per Barclays share at that time was 30 Pounds and the exchange rate at that time was \$1.2 per Pound. On January 1,2020 , the price per Barclays share was 25 Pounds and the exchange rate was $1.50 per Pound. 13) What is the rate of return in Pound terms for this 1-year period? Ans: 16.67% 14) What is the rate of return in dollar terms for the U.S. investor for this 1-year period? Ans: 4.17% 15) What was the contribution of exchange rate movement to the rate of return in dollar terms? Ans: 25%Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started