During the year Honda Motor Company shares went from ¥9,010 to ¥11,210, while paying a dividend of ¥60. At the same time, the exchange rate went from $1 = ¥145 to $1 = ¥120. What was the total dollar return, in percent, on Toyota stock for the year? Explain in not more than three sentences whether the return was driven more by the stock market or by the exchange rate?
During the year Honda Motor Company shares went from ¥9,010 to ¥11,210, while paying a dividend of ¥60. At the same time, the exchange rate went from $1 = ¥145 to $1 = ¥120. What was the total dollar return, in percent, on Toyota stock for the year? Explain in not more than three sentences whether the return was driven more by the stock market or by the exchange rate?
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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During the year Honda Motor Company shares went from ¥9,010 to ¥11,210, while paying a dividend of ¥60. At the same time, the exchange rate went from $1 = ¥145 to $1 = ¥120. What was the total dollar return, in percent, on Toyota stock for the year? Explain in not more than three sentences whether the return was driven more by the stock market or by the exchange rate?
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