Compute the rate of return on your investment in euro, Financial Management

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Compute the rate of return on your investment in euro

Suppose you are a euro-based investor who just sold Microsoft shares that you had bought six months ago. You had invested 10,000 Euros to buy Microsoft shares for $120 per share; the exchange rate was $1.15 per euro. You sold the stock for $135 per share and converted the dollar proceeds into euro at the exchange rate of $1.06 per euro. Compute the rate of return on your investment in euro terms.

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