Calculating the Present Value of Shares and Currency
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Question
At the end of 2011 you bought 25000 shares of a Mexican stock at a price of 220 peso/share. At that time the spot exchange rate was 0.2458$/peso. Nine months later, you sold these shares for 240.5 peso/share. If your annualized US-$ rate of return on that investment was 21.5%, what was the exchange rate when you sold the Mexican shares?
Summary
The question belongs to Finance and it is about international stock trading. The question here is about a Mexican stock price in 2011. The present value for the shares and the present value of the currency have to be calculated.
Total Word Count 16
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