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Author Question: Amanda purchased stock in a German firm at a price per share of 35 euros when the U.S. $/euro ... (Read 35 times)

Austinleez3

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on: Mar 29, 2022
Amanda purchased stock in a German firm at a price per share of 35 euros when the U.S. $/euro exchange rate was $1.20. After six months, Ann sold the stock for 37 euros when the U.S. $/euro exchange rate was $1.10. The stock does not pay a dividend. What is Ann's rate of return on this investment?
◦ 3.31%
◦ -3.10%
◦ 5.7%
◦ 9.2%
Fundamentals of Investing ¦ Zutter, Smart ¦ 14th Edition
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Marked as best answer by Austinleez3 on Mar 29, 2022

RodrickHac

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Reply #1 on: Mar 29, 2022
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Austinleez3

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Reply 2 on: Mar 29, 2022
YES! Correct, THANKS for helping me on my review

Viet Thy

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Reply 3 on: Yesterday
Wow, this really help

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