Calculate the euro-based return an italian investor would


Calculate the euro-based return an Italian investor would have realized by investing €10,000 into a $50 American stock. One year after investment, the stock pays a $1 dividend, and sells for $54 the exchange has changed from €0.625 per dollar to €0.6875 per dollar, although he sold $17,600 forward at the forward rate of €0.65 per dollar.

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Financial Management: Calculate the euro-based return an italian investor would
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