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I do not understand how to solve part 3 of this question: 4.2 Vaniteux's Returns (A). Spencer Grant is a New York-based investor. He has
I do not understand how to solve part 3 of this question:
4.2 Vaniteux's Returns (A). Spencer Grant is a New York-based investor. He has been closely following his investment in 100 shares of Vaniteux, a French firm that went public in February 2010. When he purchased his 100 shares at 17.25 per share, the euro was trading at $1.360/. Currently, the share is trading at 28.33 per share, and the dollar has fallen to $1.4170/.
- If Spencer sells his shares today, what percentage change in the share price would he receive?
- What is the percentage change in the value of the euro versus the dollar over this same period?
- What would be the total return Spencer would earn on his shares if he sold them at these rates?
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