Suppose that you decided to invest $650,000 in British equity securities at a then current spot rate
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Question:
Suppose that you decided to invest $650,000 in British equity securities at a then current spot rate of $1.2745/pound. At the end of one year the spot rate is $1.3250/pound. Initially, the average price per share was GBP60, now the price is GBP57. What is your average rate for return after converting your stocks back into USD? (.....%) (Bb is not accepting percentage sign in calculated numeric questions. Thus, just type the number before percentage sign, please. If you believe the result has a negative sign, put it in front of the number)
Related Book For
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
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