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

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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. O

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Calculate the euro-based return an Italian investor would have
realized by investing €10,000 into a £50 British stock. One year
after investment, the stock has no value since the firm is
bankrupt. Meanwhile the exchange rate has changed from €1.25 per
pound to €1.30 per pound, and he sold £8,000 forward at the forward
rate of €1.28 per pound.
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