Determine the total ending value of the singapore investment

Reference no: EM131792695

Question: An investor in the United States bought a one-year Singapore security valued at 150,000 Singapore dollars. The U.S. dollar equivalent was $100,000. The Singapore security earned 15 percent during the year but the Singapore dollar depreciated 5 cents against the U.S. dollar during the same time period ($0.67/SD to $0.62/SD). After transferring the funds back to the United States, what was the investor's return on his $100,000? Determine the total ending value of the Singapore investment in Singapore dollars and then translate this value to U.S. dollars by multiplying by $0.62. Then compute the return on the $100,000.

Reference no: EM131792695

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