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Required: Suppose you are a euro based investor who just sold Microsoft shares that you had bought six months ago. You had invested to, 000
Required: Suppose you are a euro based investor who just sold Microsoft shares that you had bought six months ago. You had invested to, 000 euros to buy Microsoft shares for $120 per share: the exchange rate was $1.06 per curo. You sold the stock for $162 per share and converted the dollar proceeds into euro at the exchange rate of $0.97 per euro. First, delermine the profit from this investment in euro terms. Second, compute the rate of return on your investment in euro terms. How much of the return is due to the exchange rate movemint? Note: Do not round intermediote colculations. Enter your onswer os o percent rounded to 1 decimol places. Required: Suppose you are a euro based investor who just sold Microsoft shares that you had bought six months ago. You had invested to, 000 euros to buy Microsoft shares for $120 per share: the exchange rate was $1.06 per curo. You sold the stock for $162 per share and converted the dollar proceeds into euro at the exchange rate of $0.97 per euro. First, delermine the profit from this investment in euro terms. Second, compute the rate of return on your investment in euro terms. How much of the return is due to the exchange rate movemint? Note: Do not round intermediote colculations. Enter your onswer os o percent rounded to 1 decimol places
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