Question 1 Tony Romo is a US based investor whose home currency is US dollars....
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Question 1 Tony Romo is a US based investor whose home currency is US dollars. Tony's friend Rafael Nadal lives in Spain (Europe) and his home currency is the euro Tony consults with his friend in Europe in investing Both investors bought a share each in a firm listed in the Frankfurt stock exchange at a price of 19.00. The euro was trading at $1.0000/ on the day of purchase. Currently, both investors sold their shares for 26.00 and the exchange rate is $1.4000/ The rates of return for Tony and his friend respectively are O 73.0770 and 24.3600 O 26 6000 and 24 9230 O91.5789 and 36.8421 O 36.8421 and 91.5789 % and %
Tony corrsults with his thend in Europo in irvostang Curtently, both investors sold theit shares for 62600 and the exchange rate is 514000C The rafes of return for Fony and his frond iespectively are Qs and parpo arnd ze sern 20000 and 248200
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