Question
Last year a portfolio manager at PIB bought two million shares of Volkswagens stock at 75 per share and sold it one year later at
Last year a portfolio manager at PIB bought two million shares of Volkswagens stock at 75 per share and sold it one year later at 80. The spot exchange rate one year ago was $1.50 = 1 and the spot rate prevailing at the end of the year was $1.40 = 1.
a. What are the values of portfolio managers gain(loss) in Euro (provide amount and percentage)?
b. What the values of portfolio managers gain(loss) in USD (provide amount and percentage)?
c. What could possibly explain the difference between managers portfolio performance in Euro and USD.
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Of Synthetic Finance Three Essays Of Speculative Materialism
Authors: Benjamin Lozano
1st Edition
1138790842, 978-1138790841
