Mary Chalmers, who lives in Minnesota, purchased 100 shares of Delton Cables, a diversified machinery company headquartered in Germany. She purchased the stock in January of 2011 for €62.50 per share when the exchange rate was at $1.330/€. Today, the stock is trading for €68.00 per share and the exchange rate is $1.48/€. If Mary sells her shares today, what is the total return on her investment?
A) 11.28%
B) 20.08%
C) 8.80%
D) 26.41%
Correct Answer:
Verified
Q4: Which of the following is generally NOT
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Q31: According to a 2010 McKinsey survey, family-influenced
Q32: According to a 2010 McKinsey survey, family
Q33: "Maximize corporate wealth"
A) is the primary objective
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