Question
Spencer Grant is a New York-based investor. He has invested in 100 shares of Vaniteux, a French firm. When he purchased his 100 shares at
Spencer Grant is a New York-based investor. He has invested in 100 shares of Vaniteux, a French firm. When he purchased his 100 shares at 17.25 per share, the euro was trading at $1.3600/. Currently, the share is trading at 31.14 per share, and the exchange rate is $1.3110/.
The rate of return on this investment for a person living and investing in France %.
The rate of return for Spencer Grant who lives in the US and invests in France is %
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Personal Finance
Authors: Jack R Kapoor, Glencoe McGraw Hill, Les R Dlabay, Robert J Hughes
1st Edition
0078698006, 9780078698002
