Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

One year ago you bought the common stock of Mizuho at 1050 in Tokyo Stock Exchange. The price is 1000 today. You received a dividend

One year ago you bought the common stock of Mizuho at 1050 in Tokyo Stock Exchange. The price is 1000 today. You received a dividend of 120 per share during the period. The exchange rate was 100 = $1 when you bought the stock and it is 80 = $1 today. Calculate the realized dollar rate of return on the stock if you sell the stock today. Select one: a. -6.89% O b. 28.11% . 33.33% O d. 23.13% Ac
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Management For Nonprofit Human Service Organizations

Authors: Raymond Sanchez Mayers

2nd Edition

0398075131, 9780398075132

More Books

Students also viewed these Finance questions

Question

=+b) Is there evidence that the proportion has decreased?

Answered: 1 week ago