(Answered) A japanese investment banker bought 75000 shares of xyz

Management Studies

A Japanese investment banker bought 75,000 shares of XYZ stock, which has cash flows demoninated in US dollars. At the time of purchase, XYZ was selling for $20 and the exchange rate was Y110/$. Find the banker's percentage return (in terms of yen) if XYZ trades for $24 and the exchange rate is $.01/Y when the position is closed.

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