Decide to speculate in the wine market

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Reference no: EM132010462

You decide to speculate in the wine market, so you buy 100 bottles of Bordeaux wine from France at 120 EUR apiece. A year has passed, and you observe that the price of your wine has risen to 142 EUR per bottle (turns out it was a good year). At the same time, the euro has depreciated against the dollar by 6.4%. What was the net rate of return on this investment, assuming you are in the US and measure your return in terms of USD? Enter answer in percents, accurate to two decimal places.

Reference no: EM132010462

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