What is the currency of the european monetary union

Assignment Help Financial Management

Reference no: EM131597985

1. What is the currency of the European Monetary Union?

a. U.S. Dollar

b. British pound

c. Euro

d. French Franc

e. German Deutsche Mark

2. One year ago, a U.S. investor converted dollars to yen and purchased 100 shares of a stock in a Japanese company at a price of 3,150 yen per share. The stock’s total purchase cost was 315,000 yen. At the time of purchase, in the currency market, 1 yen equaled $0.00952. Today, the stock is selling at a price of 3,465 yen per share and in the currency market, $1 equals 130 yen. The stock does not pay a dividend. If the investor were to sell the stock today and convert the proceeds back to dollars, what would be his realized return on his initial dollar investment from holding the stock?

a. 2.97%

b. 1.15%

c. -3.71%

d. -9.19%

e. -11.12%

Reference no: EM131597985

Questions Cloud

Prepare a executive summary that you will present to the ceo : Executive Summary Prepare a one-page executive summary that you will present to the CEO in an upcoming executive meeting.

Cross price elasticity of biscotti demand : The cross price elasticity of biscotti demand with respect to the price of Lattes is -1.5 (Lattes and biscotti are complementary goods).

Discuss the difficulties in employing hermeneutics : What does Dilthey mean when he uses the metaphor "blind window"? What is Dilthey's view of personal bias in interpreting written text?

Why companies move into international operations : Which of the following is NOT a reason why companies move into international operations?

What is the currency of the european monetary union : What is the currency of the European Monetary Union? what would be his realized return on his initial dollar investment from holding the stock?

Create a public static function : Application will generate an array with 50 random integers - create a public static function - You may modify and return the given array, or make a new array

Purchasing power parity holds : If purchasing power parity holds, what should be the price (in yen) of the same television set in Japan? a. 80,000 yen

The purpose and value of a performance appraisal system : Senior leadership at Matrix are requesting an executive summary from human resources that will help them understand the need for a new performance appraisal.

Provide an operational definition of intelligence : In some quantitative studies the terms "external validity" and "generalizability" are portrayed as synonymous.

User Account

All Pages