Currently the US dollar is trading at US$0.82 per Australian dollar. A year ago, it was trading

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Currently the US dollar is trading at US$0.82 per Australian dollar. A year ago, it was trading for US$0.79 per A$. If the return on the US stock had been 15% in the last year, what would have been the net return earned by an Australian investor?

Related Book For answer-question

Foundations of Financial Management

ISBN: 978-1259024979

10th Canadian edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta

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Posted Date: Oct 05, 2023 01:34 AM

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Currently the US dollar is trading at US$0.82 per Australian dollar. A year ago, it was trading

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To calculate the net return earned by an Australian investor who invested in US stocks over the past ... View the full answer

Foundations of Financial Management

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