Amrica Mvil (AMX) is listed and traded in both Mexico and New York. The company's operations were
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Amrica Mvil (AMX) is listed and traded in both Mexico and New York. The company's operations were hurt by the COVID-19 pandemic in the first quarter of 2020. The company registers its income in Mexican pesos (MXN). AMX's stock price went from MXN14.50 to MXN13.00 from January 2, 2020 to March 31, 2020 (Q1 2020). The company makes a dividend payment of MXN0.18 in June and November. The exchange rate of MXN/USD went from 19.00 to 22.00 from January 2, 2020 to March 31, 2020. What was the dollar return on AMX?
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