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Hello Tutor, I need help in this homework assignment. Thank you very much! Tony Romo plays quarterback for the Dallas Cowboys. He is based in
Hello Tutor,
I need help in this homework assignment.
Thank you very much!
Tony Romo plays quarterback for the Dallas Cowboys. He is based in Dallas, Texas. His home currency is US dollars. Tony has a friend in Germany whose home currency is the euro. Tony consults with his friend in Europe in investing. Both investors bought a share each in a firm listed in the Frankfurt stock exchange at a price of 19.00. The euro was trading at $1.0000/ on the day of purchase. Currently, both investors sold their shares for 25.00 and the exchange rate is $1.4000 QUESTIONS; The rate of return for Tony's friend who lives and invests in Germany is __________________ %. The rate of return for Tony who lives in the US and invests in Germany is ________________ %. Express your response in percentage to at least the fourth digit after the decimal e.g., 12.3456%)
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