Question
Giri Iyer is an analyst for Tristar Funds, a New York-based mutual fund company. Giri is currently evaluating the recent performance of shares in Pacific
Giri Iyer is an analyst for Tristar Funds, a New York-based mutual fund company. Giri is currently evaluating the recent performance of shares in Pacific Wietz, a publicly traded specialty chemical company in Germany listed on the Frankfurt DAX. Tristar invested $200,000 in Pacific Wietz in January 2010, as shown below. What is the return on its investment in U.S. dollar terms? (Assume a fraction of a share can be held.)
| Jan 1st, 2010 | Dec 31st, 2010 | |||||
| Purchase | Sale | Distribution per share | ||||
| Share price, euros | 135.00 | 157.69 | 16.00 | |||
| Exchange rate, US$/euro | $1.3406 | $1.4270 |
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Money Banking And Financial Markets
Authors: Stephen Cecchetti, Kermit Schoenholtz
3rd Edition
007337590X, 9780073375908
