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 shares of a particular Taiwanese firm that is currently in its portfolio. This firm trades on the Taiwan Stock Exchange. A Taiwanbased broker quotes the Taiwan dollar TWD price of the shares of this firm as with a commission of percent of the transaction value. The Taiwan Stock Exchange charges a tax of percent of the value traded from the seller. A bank is quoting the TWDEUR exchange rate as How many euros will the French institutional investor receive on selling the shares?
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