wWhere does $55.20 comes from?

79) Calculate the euro-based return an Italian investor would have realized by investing 10,000 into a $50 American stock. The stock pays a $0.30 quarterly dividend, and after one year the investment sells for $54 the exchange has changed from 0.625 per dollar to 0.6875 per dollar. $1.00 10,000 x .625 Answer: Our investor can buy 320 shares $50 / share $55.20 share .6875 x 320 shares x $1.00 10,000 HPR 10,000 = 12,144 - 10,000 = 21.44% 10,000