On 12/28/2015 a U.S. investor bought 20,000 shares of Sony Corp. for ¥546 each in the Japanese stock market. At that tim

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answerhappygod
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On 12/28/2015 a U.S. investor bought 20,000 shares of Sony Corp. for ¥546 each in the Japanese stock market. At that tim

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On 12/28/2015 a U.S. investor bought 20,000 shares of Sony Corp.
for ¥546 each in the Japanese stock market. At that time the
exchange rate was ¥128.35/$. The investor sold all the shares on
10/29/2016 when the Sony stock was worth ¥550 and $1 was worth
¥109.35. Calculate the annualized return in $.
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