Mr. James K. Silber, an avid international investor, just sold a share of Nestlé, a Swiss firm, for SF4,890. The share was bought for SF2,700 a year ago. The exchange rate is SF2.00 per U.S. dollar now and was SF2.16 per dollar a year ago. Mr. Silber received SF310.00 as a cash dividend immediately before the share was sold. Compute the rate of return on this investment in terms of U.S. dollars. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)
Mr. James K. Silber, an avid international investor, just sold a share of Nestlé, a Swiss firm, for SF4,890. The share was bought for SF2,700 a year ago. The exchange rate is SF2.00 per U.S. dollar now and was SF2.16 per dollar a year ago. Mr. Silber received SF310.00 as a cash dividend immediately before the share was sold. Compute the rate of return on this investment in terms of U.S. dollars. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter27: Multinational Financial Management
Section: Chapter Questions
Problem 9P
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Mr. James K. Silber, an avid international investor, just sold a share of Nestlé, a Swiss firm, for SF4,890. The share was bought for SF2,700 a year ago. The exchange rate is SF2.00 per U.S. dollar now and was SF2.16 per dollar a year ago. Mr. Silber received SF310.00 as a cash dividend immediately before the share was sold. Compute the rate of
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