Question: Given the data in this table, calculate the U.S. dollar return to an investor that bought a Japanese stock in Japanese yen Stock Purchase Price

Given the data in this table, calculate the U.S. dollar return to an investor that bought a Japanese stock in Japanese yen Stock Purchase Price 150 Stock Sale Price 165 JPY:USD at Purchase 120: 1 USD JPY:USD at Sale 100: 1 USD

a. 0%

b. 32%

c. 10%

d. 12%

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