Question
US investors bought Astra shares on the Jakarta Stock Exchange. The initial investment is IDR 10 million. At the end of the year, the stock
US investors bought Astra shares on the Jakarta Stock Exchange. The initial investment is IDR 10 million. At the end of the year, the stock yielded a profit of 30%. Meanwhile, the US$ strengthened against Rp by 20%. Calculate the investor's profit (in $).
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
1259261018, 1259261015, 978-1259024979
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