Question
Lisa Brown, an Australian investor, bought a French -based investment at a price of EUR105,000. One year later, Lisa Brown sold the investment for EUR136,500.
Lisa Brown, an Australian investor, bought a French -based investment at a price of EUR105,000. One year later, Lisa Brown sold the investment for EUR136,500. Over the time of her investment, the EUR / AUD exchange rate rose by 25%.What was Lisa's overall percentage return in AUD? Show all calculations, and the answer as a percentage correct to 2 decimal places.
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Accounting and Finance An Introduction
Authors: Peter Atrill, Eddie McLaney
8th edition
129208829X, 1292088297, 978-1292088297
