Question
Suppose you are a euro-based investor who just sold Microsoft shares that you had bought six months ago. You had invested 6,000 euros to buy
Suppose you are a euro-based investor who just sold Microsoft shares that you had bought six months ago. You had invested 6,000 euros to buy Microsoft shares for $210 per share; the exchange rate was $1.14 per euro. You sold the stock for $272 per share and converted the dollar proceeds into euro at the exchange rate of $1.24 per euro. Determine the part of the return due to the exchange rate movement? (X.X%)
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Get StartedRecommended Textbook for
Analysis for Financial Management
Authors: Robert Higgins
11th edition
77861787, 978-0077861780
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