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bachelor in business administration
Polytechnic State University Sanluis
Jan-2006 - Nov-2010
CPA
Polytechnic State University
Jan-2012 - Nov-2016
Professor
Harvard Square Academy (HS2)
Mar-2012 - Present
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A Peruvian investor buys 150 shares of a U.S. stock for $6,600 ($44 per share). Over the course of a year, the stock goes up by $6 per share.
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| (b) |
Now assume that the stock increases by $7, but that the dollar decreases by 10 percent versus the nuevo sol. What will be the total percentage return to the Peruvian investor? Use .90 in place of 1.10 in this case. (Do not round intermediate calculations. Round your final answer to 2 decimal places. Omit the "%" sign in your response.) |
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