Question
You are an American investor (or a manager of an American asset management company) who invested in the Japanese Nikkei stock index a year ago.
You are an American investor (or a manager of an American asset management company) who invested in the Japanese Nikkei stock index a year ago. The Nikkei index has gone down by 20%. In the meantime, the dollar has depreciated by 20% against (in terms of) the Japanese yen. What is your rate of return (in terms of your home currency, $) on this investment?
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De Gruyter Handbook Of Personal Finance
Authors: Grable, John E., Chatterjee, Swarn
1st Edition
3110727498, 978-3110727494
