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On January 1, 2019, you purchased a share of Rio Azul Co (Mexico) for 83.50 Mexican Pesos (MXN). On January 1, 2020, the market price
On January 1, 2019, you purchased a share of Rio Azul Co (Mexico) for 83.50 Mexican Pesos (MXN). On January 1, 2020, the market price for Rio Azul was 85.25 MXN. On January 1, 2019, the exchange rate was USD 0.0545 = MXN 1. On January 1, 2020, the exchange rate was USD 0.0482 = MXN 1. What was the return on your investment in terms of USD during 2019?
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