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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