Today the spot rate is $1.15 per euro and a U.S. investor buys one million dollars of
Fantastic news! We've Found the answer you've been seeking!
Question:
Today the spot rate is $1.15 per euro and a U.S. investor buys one million dollars of a European mutual fund at a price of 20 per share. One year later the shares have appreciated to 24. What rate of return would he have earned in U.S. dollars if the spot rate at that point is $1 per euro?
Expert Answer:
To calculate the rate of return earned by the US investor in US dollars we need to follow these step... View the full answer
Posted Date:
