Notes.4) In September 2020, an Egyptian investor chooses to invest 11,669,659 Egyptian Pounds in European equity securit

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Notes.4) In September 2020, an Egyptian investor chooses to invest 11,669,659 Egyptian Pounds in European equity securit

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Notes 4 In September 2020 An Egyptian Investor Chooses To Invest 11 669 659 Egyptian Pounds In European Equity Securit 1
Notes 4 In September 2020 An Egyptian Investor Chooses To Invest 11 669 659 Egyptian Pounds In European Equity Securit 1 (65.63 KiB) Viewed 35 times
Notes.4) In September 2020, an Egyptian investor chooses to invest 11,669,659 Egyptian Pounds in European equity securities at a then current spot rate of 0.0557 €/EGP. In one year, the spot rate is 0.0488 €/EGP. At an average price of €25/share and selling the stock in one year at an average price per share of €28, what is the investor's average rate of return after converting the investment back into Egyptian Pounds? (Answer in percent, without a percentage sign, and rounded to two decimals.)
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