Multinational Business Finance (14th Edition) Chapter 4, Problem 3P Bookmark Show all steps: ON 20 students bookmarked this problem. Save it for later. Use the following formula to answer problems on shareholder returns, where R is the share price at time t, and Dt is the dividend paid at time t Shareholder Return+ Vaniteux's Returns (B). Spencer Grant chooses not to sell his shares at the time described in Problem 2. He waits, expecting the share price to rise further after the announcement of quarterly earnings. His expectations are correct, and the share price rises to 31.14 per share after the announcement. He now wishes to recalculate his returns. The current spot exchange rate is $1.3110/. Multinational Business Finance (14th Edition) Chapter 4, Problem 3P Bookmark Show all steps: ON 20 students bookmarked this problem. Save it for later. Use the following formula to answer problems on shareholder returns, where R is the share price at time t, and Dt is the dividend paid at time t Shareholder Return+ Vaniteux's Returns (B). Spencer Grant chooses not to sell his shares at the time described in Problem 2. He waits, expecting the share price to rise further after the announcement of quarterly earnings. His expectations are correct, and the share price rises to 31.14 per share after the announcement. He now wishes to recalculate his returns. The current spot exchange rate is $1.3110/