Using the exchange rate of the date of dividend payment

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Reference no: EM13868347

Use the ASX website, Yahoo Finance or other research sites to determine the one year change in share price of the Fortescue Metal Group LTD stock. Use the closing price.

Use the ASX website or annual report to determine the dividend paid for the year. If the share is franked, you will have to gross it up to account for franking credits. If the stock pays dividends in foreign currency, you will have to convert that home currency using the exchange rate of the date of dividend payment.

Most Australian companies pay twice a year: interim and final dividend.

Some companies may pay a special dividend. This should be included in calculating your total one year return.

You can use the All Ordinaries (AORD) as a proxy for the market.

The dates used should match the dates of the 2015 annual report.

Reference no: EM13868347

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