Spencer Grant chooses not to sell his shares at the time described in problem 3. He waits,

Question:

Spencer Grant chooses not to sell his shares at the time described in problem 3. He waits, expecting the share price to rise further after the announcement of quarterly earnings. His expectations prove correct; the share price rises to €31.14 per share after the announcement. He now wishes to recalculate his returns. The current spot exchange rate is $1.3110/€?

a. If Spencer sold his shares today, what is the percentage change in the share price he would receive?

b. What has been the percentage change in the value of euro versus the dollar over this same period?

c. What would be the total return Spencer would earn on his shares if he sold them at these rates?

Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...