You have just sold shares in credit suisse a swiss firm for, Ask an Expert

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You have just sold shares in Credit Suisse, a Swiss firm, for CHF10,040 (or 10,040 Swiss Francs). You purchased this parcel of shares for CHF6,400. The spot rate is currently CHF/USD1.70 (or 1.70 Swiss Francs per US dollar). It was CHF/USD1.88 per dollar a year ago, when you purchased the Credit Suisse shares. You have received CHF95 as a cash dividend payment, prior to the sale of the shares. Calculate the return on your investment in USD.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92255473

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