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Question 9 1 pts A NZ investor purchased 500 shares of APPL Company, a US company listed on the NASDAQ, for 50 USD per share

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Question 9 1 pts A NZ investor purchased 500 shares of APPL Company, a US company listed on the NASDAQ, for 50 USD per share a year ago when the exchange rate was 1.50 NZD for 1 USD. AAPL Company did not pay any dividends over the year and is currently trading at 54 USD per share. The exchange rate currently quoted is 0.80 USD for 1 NZD. What is the NZD denominated annual rate of return on the investment? 0 -6% O 2% O 6% O -10%

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