Suppose you are a euro-based investor who just sold Microsoft shares that you had bought six months ago. You had invested 10,000 euros to buy Microsoft shares for $120 per share; the exchange rate was $0.95 per euro. Today, you sold the stock for $195 per share and converted the dollar proceeds into euro at the exchange rate of $0.86 per euro. What is the total rate of return on your investment in EUR terms? O 35.4% 121.5% 15.4% 67.7%

Suppose you are a euro-based investor who just sold Microsoft shares that you had bought six months ago. You had invested 10,000 euros to buy Microsoft shares for $120 per share; the exchange rate was $0.95 per euro. Today, you sold the stock for $195 per share and converted the dollar proceeds into euro at the exchange rate of $0.86 per euro. What is the total rate of return on your investment in EUR terms? O 35.4% 121.5% 15.4% 67.7%

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 7MC

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