Question: Part II: Short Answer Question (4 questions, 50 points) . (10 points) Suppose you are an investor in the U.S. who just sold L'Oral shares
Part II: Short Answer Question (4 questions, 50 points) . (10 points) Suppose you are an investor in the U.S. who just sold L'Oral shares that you had bought six months ago. You had invested $14,400 to buy L'Oral shares for 100 per share; the exchange rate was $1.44 per euro. You sold the stock for 120 per share and converted the euro proceeds into dollar at the exchange rate of $1.2 per euro. (a) (5 points) Compute the rate of return on your investment in euro terms. ) (5 points) Compute the rate of return on your investment in dollar terms
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