US investors bought Astra shares on the Jakarta Stock Exchange. The initial investment is IDR 10 million. At the end of the year, the stock yielded a profit of 30%. Meanwhile, the US$ strengthened against Rp by 20%. Calculate the investor's profit (in $).

Answer rating: 100% (QA)

To calculate the investors profit in US dollars we need to convert the initial investment profit in ... View the full answer