An investor in canada purchased 100 shares of ibm on, Ask an Expert

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An investor in Canada purchased 100 shares of IBM on January 1st at $93.00/share. IBM paid an annual dividend of $0.72 on December 31st. The stock was sold that day as well for $100.25. The exchange rate is $0.68/Canadian dollar on January 1st and $0.71/Canadian dollar on December 31st. What is the investor’s total return in Canadian dollars?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92865244

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