Suppose you are a Swedish investor who just sold Amazon shares you bought a year ago....
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Suppose you are a Swedish investor who just sold Amazon shares you bought a year ago. You had invested 100,000 Swedish kronas (SEK) to buy Amazon shares for $95 per share; the exchange rate was $0.093 per Swedish krona. Today, you sold the stock for $145 per share and converted the dollar proceeds into Swedish kronas at the current exchange rate of $0.098 per Swedish krona. What is the total rate of return on this investment in SEK terms? Suppose you are a Swedish investor who just sold Amazon shares you bought a year ago. You had invested 100,000 Swedish kronas (SEK) to buy Amazon shares for $95 per share; the exchange rate was $0.093 per Swedish krona. Today, you sold the stock for $145 per share and converted the dollar proceeds into Swedish kronas at the current exchange rate of $0.098 per Swedish krona. What is the total rate of return on this investment in SEK terms?
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To calculate the total rate of return on the investment in Swedish Krona SEK terms we need to find o... View the full answer
Related Book For
International Financial Management
ISBN: 978-0078034657
6th Edition
Authors: Cheol S. Eun, Bruce G.Resnick
Posted Date:
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