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Suppose you are a Swedish investor who just sold Amazon shares you bought a year ago. You had invested 100,000 Swedish kronas (SEK) to
Suppose you are a Swedish investor who just sold Amazon shares you bought a year ago. You had invested 100,000 Swedish kronas (SEK) to buy Amazon shares for $95 per share; the exchange rate was $0.093 per Swedish krona. Today, you sold the stock for $145 per share and converted the dollar proceeds into Swedish kronas at the current exchange rate of $0.098 per Swedish krona. What is the total rate of return on this investment in SEK terms?
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International Financial Management
Authors: Cheol S. Eun, Bruce G.Resnick
6th Edition
71316973, 978-0071316972, 78034655, 978-0078034657
