Solved: What is ann rate of return on the investment, Finance Basics

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What is ann rate of return on the investment

Problem:

Ann purchased stock in a German firm at a price per share of 101.28 euros when the US $/euro exchange rate was $1.023. After six months, Ann sold the stock for 103.40 euros when the US $/euro exchange rate was $0.987. The stock does not pay a dividend. What is Ann's rate of return on this investment?

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Finance Basics: What is ann rate of return on the investment

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