Question: Explain the factors which can affect to the return on foreign investment securities. You are providing investment advice to international investors on Australian investments. One
- Explain the factors which can affect to the return on foreign investment securities.
- You are providing investment advice to international investors on Australian investments.
- One of your Japanese clients seeks your advice on average return potential of Westpac Banking Corporation. You are required to calculate the recorded returns for the ANZ's shares in 2019 and 2020 in JPY using the price data given in the following table:
Date | Share prices AUD | Dividend AUD | Spot exchange rate JPY/AUD |
31/03/2018 | 25.13 | 1.88 | JPY 81.61 |
31/03/2019 | 25.78 | 1.74 | JPY 79.06 |
31/03/2020 | 17.59 | 1.88 | jpy 66.85 |
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