Question: A French institutional invesior wishes to decrease its exposure to Taiwan. It is interested in selling 2 0 , 0 0 0 shares of f

A French institutional invesior wishes to decrease its exposure to Taiwan. It is interested in selling 20,000 shares of f a particular Taiwanese fir firm that l currently in This firm trades on the Taiwan Stock Exchange. A Taiwan-based broker quotes the its portfolio Taiwan dollar (TWS) price of the shares of this firm as 150.95-150.75, with a commis on of 0.10 percent of the transaction value. The Taiwan Stock Exchange charges a tax of 0.50 percent of the value traded from the seller. A bank is quoting the TW$ to e exchange rate as 32.8675-32.8800. How many euros will the French institutionalinvestor receive on selling the shares?

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