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Determine the part of the return due to the exchange rate

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Suppose you are a euro-based investor who just sold Microsoft shares that you had bought six months ago. You had invested 8,000 euros to buy Microsoft shares for $278 per share; the exchange rate was $1.12 per euro. You sold the stock for $292 per share and converted the dollar proceeds into euro at the exchange rate of $1.18 per euro.

Problem 1: Determine the part of the return due to the exchange rate movement? (X.X%)

Reference no: EM132877387

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