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Tony Varga is a New York based investor. He has been following his investments in 100 shares of Leband, a French Firm which went public
Tony Varga is a New York based investor. He has been following his investments in 100 shares of Leband, a French Firm which went public in March of 2005, very closely. When he purchased 100 shares, at a price of 19.75 euros per share, the euro was trading 1.2250/euro. Currently the share is trading at 25.58 per share, and the dollar has fallen to $1.4280/euro. What should the total return if he sold at these exchange rates?
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