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During the year Honda Motor Company shares went from 9,010 to 11,210, while paying a dividend of 60. At the same time, the exchange rate
During the year Honda Motor Company shares went from 9,010 to 11,210, while paying a dividend of 60. At the same time, the exchange rate went from $1 = 145 to $1 = 120. What was the total dollar return, in percent, on Toyota stock for the year? Explain in not more than three sentences whether the return was driven more by the stock market or by the exchange rate?
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