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Ibm paid an annual dividend of 072 on december 31 the stock

An investor in Canada purchased 100 shares of IBM on January 1 at $93.00 per share. IBM paid an annual dividend of $0.72 on December 31. The stock was sold that day as well for $100.25. The exchange rate was $0.68 per Canadian dollar on January 1 and $0.71 per Canadian dollar on December 31. What is the investor’s total return in Canadian dollars?

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Finance Basics: Ibm paid an annual dividend of 072 on december 31 the stock

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Finance Basics: Ibm paid an annual dividend of 072 on december 31 the stock

Reference No:- TGS01512316

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