Question
On January 1, 2019, you purchased a share of TV Azteca (Mexico) for 83.50 Mexican Pesos (MXN).On January 1, 2020, the market price for TV
On January 1, 2019, you purchased a share of TV Azteca (Mexico) for 83.50 Mexican Pesos (MXN).On January 1, 2020, the market price for TV Azteca 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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Analysis for Financial Management
Authors: Robert C. Higgins
10th edition
007803468X, 978-0078034688
