Question
You are an American investor holding some German stocks. Over the month, the value of your stock portfolio goes from 5 million to 5.2 million.
You are an American investor holding some German stocks. Over the month, the value of your stock portfolio goes from 5 million to 5.2 million. The exchange rates move from $1 per euro to $0.98 per euro. What is your rate of return in euros?
| A) | 1% | |
| B) | 2% | |
| C) | 3% | |
| D) | 4% |
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Advanced Finance
Authors: Michael Fardon
1st Edition
1872962319, 1872962173, 978-1872962313, 978-1872962177
