Question: Ben purchased 100 shares of stock from the Frankfurt Germany
Ben purchased 100 shares of stock from the Frankfurt (Germany) Stock Exchange at a price of €50 per share when the exchange rate was €1 = $1.30. He sold the shares less than a year later at a price of €58 per share when the exchange rate was €1 = $1.40. While he was holding the shares, he received €2 per share in dividends. Find Ben’s holding period return in U.S. dollars, rounded to the nearest percent. Show work.
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