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Yen-share on the tokyo exchange

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Walter purchased 100 shares of ABC stock, a Japanese company, last year. At the time of his purchase, ABCs stock was on the Tokyo exchange at 4,600 yen/share, and the exchange rate was 120 yen to the USD. Walter has just checked on the price of ABC which is currently trading at 4,700 yen/share on the Tokyo exchange. The exchange rate now is 130 yen to the USD. Which of the following statements are correct?

A. Walters capital gain is greater the $2 per share due to the rise in the value of the yen relative to the USD
B. Walter's caPitas gain was offset by the fall in the value of the yen relative to the USD.
C. The change in the value of the yen has no effect on Walter's capital gain or loss.
D. Walter has a capital gain on the stock and on the currency conversion.

Reference no: EM133001196

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