At the end of 2022 you bought 15 shares of a Thai stock at a price of 220 Thai Bhat (Bt) per share. At that time the spot exchange rate was 0.0285$/Bt. Seven months later, you sold these shares for 320.5 Bt/share. If your US-$ holding period rate of return on that investment was 12.5%, what was the exchange rate when you sold the Thai firm's shares?

Answer rating: 100% (QA)

Lets break down the information given 1 Initial Purchase Number of shares 15 Purchase price per shar... View the full answer