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Required: Mi. James K. Siber, an avid intemational investor, just sold a share of Nestle, a Swiss firm, for SF5,350, The share was bought for
Required: Mi. James K. Siber, an avid intemational investor, just sold a share of Nestle, a Swiss firm, for SF5,350, The share was bought for SF4,690 a year ago, The exchange rate is SF2.05 per U,S. dollar now and was SF1,96 per dollar a year ago. Mr. Siber recelved SF138 as a cash dividend immediately before the share was sold. Suppose that Mr, Siber sold 5F4,690, his principal investment anount. forward at the forward exchange rate of SF 2.07 per dollar. How would this affect the dollar rate of return on this 5 wiss stock investment? Note: Do not round intermediate colculotions. Enter your answer as a percent rounded to 2 decimal places
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