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Estimate the return in euro terms

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Question - Suppose you are a euro-based investor who just sold Microsoft shares that you had bought six months ago. You had invested 6,000 euros to buy Microsoft shares for $210 per share; the exchange rate was $1.14 per euro. You sold the stock for $272 per share and converted the dollar proceeds into euro at the exchange rate of $1.24 per euro. Estimate the return in euro terms using the approximation that R = R(stock) + e. (X.X%).

Reference no: EM132952321

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