Question: i really need help with this one Suppose you are a U.S. investor who is planning to invest $195,000 in Japan. You do so at
Suppose you are a U.S. investor who is planning to invest $195,000 in Japan. You do so at a starting exchange rate of 84.98=/$. Your Japanese investment gains 7.7 percent, and the ending exchange rate is 89.35=/$. What is your total return on this investment? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
