Vaniteuxs Returns (A). Spencer Grant is a New York-based investor. He has been closely following his investment in 100 shares of Vaniteux, a French firm that went public in February 2010. When he purchased his 100 shares at 17.25 per share, the euro was trading at $1.360/. Currently, the share is trading at 28.33 per share, and the dollar has fallen to $1.4170/.

1-If Spencer sells his shares today, what percentage change in the share price would he receive (that is, the return in )?

2-What is the percentage change in the value of the euro versus the dollar over this same period?

3-What would be the total return (that is, the return in $) Spencer would earn on his shares if he sold them at these rates?