An American investor achieved a 50% return in Turkish Lira (TRY) from his stock investment in Turkey. Given that the USD/TRY exchange rate rose from 10 to 20 throughout the investor's investment period, what is the percentage return on investment for the investor?

An American investor achieved a 50% return in Turkish Lira (TRY) from his stock investment in Turkey. Given that the USD/TRY exchange rate rose from 10 to 20 throughout the investor's investment period, what is the percentage return on investment for the investor?

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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None
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