Question
Answer the following question concerning the rate of return of an Australian investor who invests in the France. After 1 year of investment, the investor
Answer the following question concerning the rate of return of an Australian investor who invests in the France. After 1 year of investment, the investor finds that the return denoted in Euro is 7.2%. The exchange rates are 1 Euro to 1.353 AUD at the start of the year, and 1 Euro to 1.408 AUD at the end of the year. What is the return in domestic currency (i.e. AUD) in % and two decimal places?
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Exploring Management
Authors: John R. Schermerhorn, Daniel G. Bachrach
5th edition
978-1119117742, 1119140293, 1119117747, 9781119140290, 978-1119231936
