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Required: Mi. James. K. Siber, an avid international investor, just sold a share of Nestle, a Swiss firm, for SF5,070, The share was bought for
Required: Mi. James. K. Siber, an avid international investor, just sold a share of Nestle, a Swiss firm, for SF5,070, The share was bought for SF4,500 a year ago. The exchange rate is SF2.00 per U.S, dollar now and was SF1.80 per dollar a year ago, Mr. Silber recelved SF130.00 as a cash dividend immediately before the share was sold. Compute the rate of return on this irvestment in terms of U.S. dollars: Note: Do not round intermediate colculations. Enter your answer as a percent rounded to 2 decimal places
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