Ben bought hundred shares of stock from the frankfurt

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Ben bought 100 shares of stock from the Frankfurt (Germany) Stock Exchange at a price of €50 per share when the exchange rate was €1 = $1.30. He sold the shares less than a year later at a price of €58 per share when the exchange rate was €1 = $1.40. While he was holding the shares he conventional €2 per share in dividends. Find Ben's farm period return in U.S. dollars round to the nearest percent. Show work

Reference no: EM1373607

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