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You purchased $50,000 worth of stock in a Mexican corporation when the exchange rate was 10 pesos per dollar and the share price was 25
You purchased $50,000 worth of stock in a Mexican corporation when the exchange rate was 10 pesos per dollar and the share price was 25 pesos. During the time you held the stock, you received a dividend of 8 pesos per share, which you convert back to dollars at a rate of $.065/peso. After a year, you sold all your stock when the exchange rate was $1.00 = 16 pesos and the share price was 20 pesos. Find your return in terms of dollars. Round intermediate steps and your final answer to four decimals
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