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

A French institutional investor wishes to decrease its exposure to Taiwan. It is interested in selling 20,000 shares of a particular Taiwanese firm that is currently in its portfolio. This firm trades on the Taiwan Stock Exchange. A Taiwan-based broker quotes the Taiwan dollar (TWD) price of the shares of this firm as 150.35150.75, with a commission of 0.10 percent of the transaction value. The Taiwan Stock Exchange charges a tax of 0.30 percent of the value traded from the seller. A bank is quoting the TWD/EUR exchange rate as 32.867532.8800. How many euros will the French institutional investor receive on selling the shares?
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