You buy 100 shares of Bayerische Motoren Werke AG for 57.15 when the exchange rate is 0.79

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You buy 100 shares of Bayerische Motoren Werke AG for €57.15 when the exchange rate is 0.79 euros to the dollar. At the end of the year you sell your shares for €53.25 when the exchange rate is 0.85 euros to the dollar.

What is your rate of return in U.S. dollars?

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Investment Analysis and Portfolio Management

ISBN: 978-0538482387

10th Edition

Authors: Frank K. Reilly, Keith C. Brown

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Posted Date: Mar 28, 2023 11:43 PM

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You buy 100 shares of Bayerische Motoren Werke AG for 57.15 when the exchange rate is 0.79

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The initial investment in euros is 100 shares x 5715share 5715 The final sa... View the full answer

Investment Analysis and Portfolio Management

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