Asked by Morgan Freeman on Jun 14, 2024
Verified
In April of 2011, Marielle bought 1,200 shares of Yakamura Trading Co. on the Tokyo Stock Exchange at a price of ¥1,150 per share. The exchange rate at the time was ¥99.50 per C$. She sold the stock for ¥1,310 per share in June of 2016 when the exchange rate was ¥96.96 per C$. In Canadian dollars, how much did Marielle gain or lose on the investment?
Tokyo Stock Exchange
The primary stock exchange in Japan, one of the largest in the world by market capitalization, where stocks of publicly held companies are issued and traded.
Exchange Rate
The conversion rate of one currency to another.
- Understand the principles of investing and the calculation of gains or losses in a foreign currency.
Verified Answer
MN
Learning Objectives
- Understand the principles of investing and the calculation of gains or losses in a foreign currency.