5. During the year, Toyota Motor Company shares went from 9,000 to 11,200, while paying a dividend of 60. At the same time, the exchange rate went from $1 = 145 to $1 = 120. What was the total dollar return, in percent, on Toyota stock for the year?

whereg = percent change in the dollar of the foreign currency

The total dollar return is

R_$ = [1 + (11,200 - 9,000 + 60)/(9,000)] [1 + 0.2083]-1

R_$= (1.2511) (1.2083) - 1=51.17%

why we do not use (120 - 145)/120 = -20.83% in this question?