Question

Shares of Volkswagen trade on the German stock exchange. A US investor purchased 1,000 shares of Volkswagen at a price of EUR 58.00 per share when the exchange rate was USD 1.00 / EUR 0.9790 (bid) and USD 1.00 / EUR 0.9795 (ask). Three months later, the investor received a dividend of EUR 0.50 per share and then sold all the shares for EUR 61.50 per share when the exchange rate was USD 1.00 / EUR 0.9810 (bid) and USD 1.00 / EUR 0.9815 (ask). What is the total amount of profit (including dividends) made by the US investor in terms of USD

Answer 1

Real quick, let me solve it out and help you

Step-by-step explanation:

Gotta plug in the equations real quick. Give me a sec to solve it