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An investor in the United States bought a one year Singapore security valued at 150,000 Singapore dollars. The U.S. dollar equivalent was $100,000.00. The Singapore security earned 15% during the year but the Singapore dollar depreciated 5 cents against the U.S. dollar during the same time period ($0.67/SD to $0.62/SD). After transferring the funds back the United States, what was the investor's return on his $100,000.00? Determine the total ending value of the Singapore investment in Singapore dollars and then translate the value to U.S. dollars by multiplying by $0.62. Then compute the return on the $100,000.00

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M948643

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