Question
You are a U.S.-based investor who bought Stock M in Mexico by converting USD to Mexican pesos. During your holding period, the stock was up
You are a U.S.-based investor who bought Stock M in Mexico by converting USD to Mexican pesos. During your holding period, the stock was up 30% and the peso weakened against the USD by 10%. What was your total return in U.S. dollar terms?
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Statistics For Business Decision Making And Analysis
Authors: Robert Stine, Dean Foster
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978-0321836519, 321836510, 978-0321890269
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