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Use the following information to calculate the annual rate of return in US currency: (4 points) Jan 1: A US investor sold US $6,000 and
Use the following information to calculate the annual rate of return in US currency: (4 points) Jan 1: A US investor sold US $6,000 and bought Australian $ when exchange rate was US $1.25 per Australian $1.00 and invested the proceeds in Sidney (Australia) stock market. Dec 31: Exchange rate is US $1.19 per Australian $1.00. Australian stocks' average dividend yield was 5.78% for the year. The investor sold all his stocks in Sidney market for Australian $6,127 and brought the proceeds including dividend to US
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