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At the start of the year, you purchased some shares in IBM (a US company) for $US 26.60. The exchange rate at the time of purchase was $US1 = $NZ 1.83. Now the exchange rate is $US1 = $NZ 1.87, while the shares are worth $US 22.25. IBM paid no dividends over the year. What is your ($NZ) holding period return from the start of the year until today? O-14.53% O-14.17% O 2.19% O-16.35%

At the start of the year, you purchased some shares in IBM (a US company) for $US 26.60. The exchange rate at the time of purchase was $US1 = $NZ 1.83. Now the exchange rate is $US1 = $NZ 1.87, while the shares are worth $US 22.25. IBM paid no dividends over the year. What is your ($NZ) holding period return from the start of the year until today? O-14.53% O-14.17% O 2.19% O-16.35%

Essentials Of Investments
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
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At the start of the year, you purchased some shares in IBM (a US company) for $US 26.60. The exchange rate at the time of purchase was $US1 = $NZ 1.83. Now the exchange rate is $US1 = $NZ 1.87, while the shares are worth $US 22.25. IBM paid no dividends over the year. What is your ($NZ) holding period return from the start of the year until today? -14.53% -14.17% 2.19% -16.35%
Transcribed Image Text:At the start of the year, you purchased some shares in IBM (a US company) for $US 26.60. The exchange rate at the time of purchase was $US1 = $NZ 1.83. Now the exchange rate is $US1 = $NZ 1.87, while the shares are worth $US 22.25. IBM paid no dividends over the year. What is your ($NZ) holding period return from the start of the year until today? -14.53% -14.17% 2.19% -16.35%
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