Today the spot rate is $1.15 per euro and a U.S. investor buys one million dollars of
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Question:
Today the spot rate is $1.15 per euro and a U.S. investor buys one million dollars of a European mutual fund at a price of 20 per share. One year later the shares have appreciated to 22.4. What rate of return would he have earned in U.S. dollars if the spot rate at that point is $0.9 per euro?
4%
1.5%
1.7%
0.8%
4.35%.
Related Book For
Understanding Basic Statistics
ISBN: 978-1111827021
6th edition
Authors: Charles Henry Brase, Corrinne Pellillo Brase
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