1. Explain the factors which can affect to the return on foreign investment securities. 
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3. You are providing investment advice to international investors on Australian investments.
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5. One of your Japanese clients seeks your advice on average return potential of Westpac Banking Corporation. You are required to calculate the recorded returns for the ANZ's shares in  2019 and 2020 in JPY using the price data given in the following table:

Date	Share prices AUD	Dividend AUD	Spot exchange rate JPY/AUD
31/03/2018	25.13	1.88	JPY 81.61
31/03/2019	25.78	1.74	JPY 79.06
31/03/2020	17.59	1.88	jpy 66.85

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Factors that can affect the return on foreign investment securities include Exchange rate fluctuatio... View the full answer