What was the net rate of return on this investment

Reference no: EM13262717

You decide to speculate in the wine market, so you buy 100 bottles of Bordeaux wine from France at 120 EUR apiece. A year has passed, and you observe that the price of your wine has risen to 141 EUR per bottle (turns out it was a good year). At the same time, the euro has depreciated against the dollar by 9.4%. What was the net rate of return on this investment, assuming you are in the US and measure your return in terms of USD?

Enter answer in percents, accurate to two decimal places.

Reference no: EM13262717

Questions Cloud

Describe nitrogen forms several gaseous oxides : Nitrogen forms several gaseous oxides. One of them has a density of 0.869 g L-1 measured at 764 mmHg and 150°C. Write the formula of the compound

What is the resulting thb exchange rate : You get a quote of 0.17 USD/ARS, and 36.8 THB/USD. What is the resulting ARS/THB exchange rate?

Calculate the tension in the left string right : A meterstick (L = 1 m) has a mass of m = 0.133 kg. Initially it hangs from two short strings: one at the 25 cm mark and one at the 75 cm mark. What is the tension in the left string right after the right string is cut

What is the doping concentration in quasi neutral n and p : An ideal non-degenerate silicon step junction diode with an intrinsic level Ei exactly at mid band-gap is fabricated. Answer all questions related to this diode. a) If Vbi = 0.65V and NA=4ND, what is the doping concentration in the quasi neutral n ..

What was the net rate of return on this investment : What was the net rate of return on this investment, assuming you are in the US and measure your return in terms of USD?

How many usd will you be able to recover : You ask for a quote on the peso at the bank in the airport, and they give you a bid-ask quote of 0.22-0.26 USD/ARS. How many USD will you be able to recover if you trade with this bank?

Define what is the entropy change for the expansion : If a 1-mole sample of a real gas from a compressed gas cylinder goes from 230 atm to 1 atm and from a volume of 1cm3 to 195cm3, what is the entropy change for the expansion if it is assumed to be isothermal.

What is probability that this particular bid will successful : You work for a consulting firm, and have submitted a bid for a large consulting contract. The firm's management thinks it has a 50-50 chance of landing the project.

What is simplified form of the minority carrier diffusion : An ideal n+/p diode has only the quasi neutral p region of length L illuminated with light such that GL electrons/cm3-s are generated uniformly throughout the region. There is no photo-generation occurring elsewhere in the diode. Derive the curren..

User Account

All Pages