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Three months ago, you invested $10,000 to buy China Telecom Corp. shares on the Shanghai Stock Exchange for CNY 3.71 per share. S ($/CNY) was

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Three months ago, you invested $10,000 to buy China Telecom Corp. shares on the Shanghai Stock Exchange for CNY 3.71 per share. S (\$/CNY) was $0.1436/CNY. Today, you sold the stock for CNY3.91 per share and converted the euro proceeds into US \$ at S(\$/CNY) of \$0.1397/CNY. You received CNY0.05 per share as a cash dividend immediately before you sold the stock: (1) Compute the rate of return on investment in dollar terms. (5 points) (2) How much of the return is due to the exchange rate movement? (7 points) (3) Determine the profit (loss) from this investment in dollar terms. (3 points)

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