CH 19 QUIZ 75

CH  19  QUIZ   75
 Assume you invest in the European Equity Market and have a 15 percent return (quoted in euros).
a. If during this period the euro appreciated by 10 percent against the dollar, what would be your actual
return translated into United States dollars?
b. What if the euro declined by 10 percent against the dollar, what would your actual return be translated
into dollars?
c. Recompute the answer based on a 15 percent decline in the euro against the dollar.

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