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The stock market return and exchange rates in 2018 in Country Lalaland have been as follows: Return in Local Currency in Country Lalaland in 2018
The stock market return and exchange rates in 2018 in Country Lalaland have been as follows:
Return in Local Currency in Country Lalaland in 2018 (%): 42.8
LC Units/Dollar on 1/1/2021: 1.88
LC Units/Dollar on 31/1/2021: 2.09
What is the dollar return on this market?
a. 1.1%
b. 0%
c. 2.09%
d. -11%
e. 10.4%
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