Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You are interested in investing in stock market and tried investing in PSX in 2015. After earning a good profit you started to take interest

You are interested in investing in stock market and tried investing in PSX in 2015. After earning a good profit you started to take interest in US stock market. In those days, the stock of TESLA was in news. You intended to invest in Tesla. The stock price of the company in 2016 was US$755.98. You owned the shares till the end of the year and also receive a dividend of US$32. You sold the stock that year for US$543.24. The rate of PKR to USD is in 2016 was Rs:153 while the same in 2017 was Rs: 162. Calculate your profit and total return in PKR terms.
The amount that you have received from your US Stock, you invested that in Bangladesh Textile Industry in 2018. The rate of PKR to Bangladeshi Takka at that time was 0.53. In 2019 you earned a 16% return while in 2020 you disposed your investment and converted that amount back to Pakistani Rupees. The rate of PKR to Bangladeshi Takka at that time was 0.62. Calculate your profit and total return in PKR terms. Also indicate total profit from both the investments.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Lead Auditor ISO 22000 2018 Food Safety Management Systems FSMS Course

Authors: Marius Hauta

1st Edition

B0BTSCBJ82, 979-8376159750

More Books

Students also viewed these Accounting questions

Question

You have

Answered: 1 week ago