Calculate the euro-based return an Italian investor would have realized by investing €10,000 into a £50 British stock on

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answerhappygod
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Calculate the euro-based return an Italian investor would have realized by investing €10,000 into a £50 British stock on

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Calculate the euro-based return an Italian investor would have
realized by investing €10,000 into a £50 British stock on margin
with only 40 percent down and 60 percent borrowed. The stock pays a
£0.30 quarterly dividend, and after one year the investment sells
for £54. The exchange rate has changed from €1.25 per pound to
€1.30 per pound. The interest on the margin loan is 1 percent per
year. The margin loan is denominated in pounds. Answer will be a
percentage (%).
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