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Jay, a US investor, buys a share of a German stock () and sells the stock one year later at 50.50 after collecting a 1
Jay, a US investor, buys a share of a German stock () and sells the stock one year later at 50.50 after collecting a 1 dividend per share (pays at YE). Suppose his USD return is -2% and his spot rates at purchase and sold are: $1.50=1 and $1.40=1 respectively. In Euro, what price did he buy the stock, round to 2 decimal places?
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