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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 300 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 113 Taiwanese dollars. You sold your shares today for TWD 102
per share and reconverted your proceeds into dollars at USDTWD 31.1450, earning a return
of 5.2%. 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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