Calculate the euro-based return an Italian investor would have realized by investing €10,000 into a $50 American stock on margin with only 40% down and 60% borrowed.The stock pays a $0.30 quarterly dividend, and after one year the investment sells for $54 the exchange has changed from €.625 per dollar to €.6875 per dollar. The interest on the margin loan is 1% per year. The margin loan is denominated in dollars.
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