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Suppose you purchased 3 0 0 shares of the Hon Hai Precision Manufacturing Co ( aka Foxconn, one of the world s largest contract assembler
Suppose you purchased shares of the Hon Hai Precision Manufacturing Co aka Foxconn,
one of the worlds largest contract assembler of phones and TVs six months ago. At the time
the shares were trading at Taiwanese dollars. You sold your shares today for TWD
per share and reconverted your proceeds into dollars at USDTWD earning a return
of To earn this return, what exchange rate did you use when initially buying the krona?
Note: this probably is the most challenging problem of the assignment. To solve, you must
work backwards.
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