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    Calculating rate of return on stock investment

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    Ann purchased stock in a German firm at a price per share of 101.28 euros when the US $/euro exchange rate was $1.023. After six months, Ann sold the stock for 103.40 euros when the US $/euro exchange rate was $0.987. The stock does not pay a dividend. What is Ann's rate of return on this investment?

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    Purchase Price=101.28*1.023=$103.6094
    Selling ...

    Solution Summary

    Solution describes the steps for calculating rate of return on stock investment.