Tris brought a Japanese stock 1 yr. ago when it sold for 280 yen per share and the exchange rate was $.008 per yen. The stock now sells for 350 yen and the exchange rate is $.010 per yen. The stock paid no dividends over the year.
a) What was Tris's rate of return on this stock?
b) What would be the rate of return on the stock to a Japanese investor?
International Investing-Return on stock