Question: Moron Technology is an information technology services provider. It currently operates primarily within the European marketplaces, and therefore are not active or traded on any

Moron Technology is an information technology services provider. It currently operates primarily within the European marketplaces, and therefore are not active or traded on any North American Stock Exchanges. The companys share price and dividend distributions have been as follows in recent years:

Assumptions 30/06/2018 30/06/2019 30/06/2020 30/06/2021
Share price () 37.40 42.88 40.15 44.60
Dividend () 1.50 1.60 1.70 1.80
Spot rate ($/) 1.8160 1.7855 1.8482 2.0164
Spot rate (/) 1.4844 1.4812 1.4472 1.4845

Using the data above, calculate the annual average total return (including dividends) to a euro-based investor holding the shares for the entire period shown (2018-2021). Assume an investment of 100,000. What is the average return, including dividend distributions, to a euro-based investor for the period shown?

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