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Problem3(2 points) One year ago, Mrs. Roberta Albertini converted dollars to yen and purchased 100 shares of stock of Sasisku Company, a Japanese company, at
Problem3(2 points) One year ago, Mrs. Roberta Albertini converted dollars to yen and purchased 100 shares of stock of Sasisku Company, a Japanese company, at a price of 3,150 yen per share. At the time of purchase, in the currency market 1 yen equaled $0.00952. Today, the stock is selling at a price of 3,465 yen per share, and in the currency market $1 equals 95.76 yen. The stock does not pay a dividend. If Mrs. Albertini were to sell the stock today and convert the proceeds back to dollars, what would be Mrs. Albertini realized return on her initial dollar investment from holding the stock? Show your answer to 2 decimal places
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