Calculate the euro-based return an Italian investor would have realized by investing €10,000 into a $50 American stock.

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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 American stock.

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Calculate the euro-based return an Italian investor would have
realized by investing €10,000 into a $50 American stock. One year
after investment, the stock pays a $1 dividend and sells for $54.
The exchange rate has changed from €0.625 per dollar to €0.6875 per
dollar, although he sold $16,000 forward at the forward rate of
€0.65 per dollar.
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