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Mr. James K. Silber, an avid international investor, just sold a share of Nestl, a Swiss firm, for SF4,910. The share was bought for SF2,900
Mr. James K. Silber, an avid international investor, just sold a share of Nestl, a Swiss firm, for SF4,910. The share was bought for SF2,900 a year ago. The exchange rate is SF1.30 per U.S. dollar now and was SF2.12 per dollar a year ago. Mr. Silber received SF290.00 as a cash dividend immediately before the share was sold. Compute the rate of return on this investment in terms of U.S. dollars. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)
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