Required: Mr. James K. Silber, an avid international investor, just sold a share of Nestlé, a Swiss firm, for SF5,020. The share was bought for SF4,000 a year ago. The exchange rate is SF1.60 per U.S. dollar now and was SF1.90 per dollar a year ago. Mr. Silber received SF180.00 as a cash dividend immediately before the share was sold. Compute the rate of return on this investment in terms of U.S. dollars. Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Rate of return
Required: Mr. James K. Silber, an avid international investor, just sold a share of Nestlé, a Swiss firm, for SF5,020. The share was bought for SF4,000 a year ago. The exchange rate is SF1.60 per U.S. dollar now and was SF1.90 per dollar a year ago. Mr. Silber received SF180.00 as a cash dividend immediately before the share was sold. Compute the rate of return on this investment in terms of U.S. dollars. Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Rate of return
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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Mr. James K. Silber, an avid international investor, just sold a share of Nestlé, a Swiss firm, for SF5,020. The share was bought for
SF4,000 a year ago. The exchange rate is SF1.60 per U.S. dollar now and was SF1.90 per dollar a year ago. Mr. Silber received
SF180.00 as a cash dividend immediately before the share was sold. Compute the rate of return on this investment in terms of U.S.
dollars.
Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.
Rate of return
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