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Dri invested in 100 shares in a company for 6.2 million ISK a year ago. He has received 550,000 in dividends this year. Today's selling
Dri invested in 100 shares in a company for 6.2 million ISK a year ago. He has received 550,000 in dividends this year. Today's selling price is 64,250 per share.
a) What is the total return on this investment?
b) What is the amount of exchange gain?
c) Set up an equation for calculating the percentage return on this investment and show what the return was.
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