QUE 1a) Vaniteux,s, Returus (A). Spencer Grant is a New York - based investor . He has been closely following his investment in 100 shares of Vaniteux , a French firm that went public in February 2010 . When he purchased his 100 Shares at E17.25 per share , the euro was trading at $.360/E. Currently, the share is trading at E28.33 per share , and the dollar has fallen to $1.4170/E.

a. If Spencer sells his share today , what percentage change in the share price would he receive ?

b. What is the percentage change in the value of the euro versus the dollar over the period ?

c. What would be the total return Spencer would earn on his shares if he sold them this rates .

QUE 1b) Vaniteux,s Returus(B) , Spencer Grant chooses not to sell his shares at the time described in QUESTION 1A . He waits , expecting the share price to rise further after the announcement of quarterly earnings . His expectation are correct and the share price rises to E31.14 per share after the announcement . He now wishes to recalculate his returns . The current spot exchange rate is $1.3110/E.

QUE 1C) Using the same prices and exchange rates in QUESTION 1B , Vaniteux( B) , what would be the total return of the Vaniteux investment by Laurent Vuagnoux , a Paris - based investor .