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Determine the part of the return due to the exchange rate

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Reference no: EM133039924

Question - Suppose you are a euro-based investor who just sold Microsoft shares that you had bought six months ago. You had invested 9,000 euros to buy Microsoft shares for $256 per share; the exchange rate was $1.11 per euro. You sold the stock for $253 per share and converted the dollar proceeds into euro at the exchange rate of $1.15 per euro. Determine the part of the return due to the exchange rate movement?

Reference no: EM133039924

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