A Malaysian investor purchased 100 of Apple stock on January 31, 2016, at $153.00 per share. Apple
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A Malaysian investor purchased 100 of Apple stock on January 31, 2016, at $153.00 per share. Apple paid an annual dividend of $1.50 per share on December 31, 2016. The investor sold the stock on the same day for $168.00 per share. The exchange rate was MYR 4.14 per U.S. dollar on January 31, 2016, and MYR 4.50 per U.S. dollar on December 31, 2016. What is the investor's total return in Malaysian ringgit?
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Related Book For
Financial Markets And Institutions
ISBN: 9781292215006
9th Global Edition
Authors: Stanley Eakins Frederic Mishkin
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