Business, 25.12.2019 05:31 Mrlittlefish

One year ago, a u. s. investor converted dollars to yen and purchased 100 shares of nardasausau stock in a japanese company at a price of 3,150 yen per share. the total purchasing cost was 315,000 yen. at the time of purchase, in the currency market 1 yen equaled $0.00952. today, nardasausau stock is selling at a price of 3,465 yen per share, and in the currency market $1 equals 130 yen. the stock does not pay a dividend. if the investor were to sell the stock today and convert the proceeds back to dollars, what would be his realized return on his initial dollar investment from holding nardasausau stock?

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One year ago, a u. s. investor converted dollars to yen and purchased 100 shares of nardasausau stoc...

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