At the start of the year, you purchased some shares in IBM (a US company) for $US 25.44. The exchange rate at the time of purchase was $US1 = $NZ 1.86. Now the exchange rate is $US1 = $NZ 1.72, while the shares are worth $US 27.91. IBM paid no dividends over the year. What is your ($NZ) holding period return from the start of the year until today? 9.71% 2.18% 1.45% -7.53%
At the start of the year, you purchased some shares in IBM (a US company) for $US 25.44. The exchange rate at the time of purchase was $US1 = $NZ 1.86. Now the exchange rate is $US1 = $NZ 1.72, while the shares are worth $US 27.91. IBM paid no dividends over the year. What is your ($NZ) holding period return from the start of the year until today? 9.71% 2.18% 1.45% -7.53%
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
At the start of the year, you purchased some shares in IBM (a US company) for $US 25.44. The exchange rate at the time of purchase was $US1 = $NZ 1.86. Now the exchange rate is $US1 = $NZ 1.72, while the shares are worth $US 27.91. IBM paid no dividends over the year. What is your ($NZ) holding period return from the start of the year until today?
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9.71% |
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2.18% |
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1.45% |
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-7.53% |
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