Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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 $).

Step by Step Solution

3.46 Rating (143 Votes )

There are 3 Steps involved in it

Step: 1

To calculate the investors profit in US dollars we need to convert the initial investment profit in ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Foundations of Financial Management

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta

10th Canadian edition

1259261018, 1259261015, 978-1259024979

More Books

Students also viewed these Finance questions

Question

How do you identify yourself culturally?

Answered: 1 week ago

Question

Find the radius of convergence of? 1.2.3 1.3.5 (2n-1) r2n+1 -1

Answered: 1 week ago