Currently the US dollar is trading at US$0.82 per Australian dollar. A year ago, it was trading for US$0.79 per

Currently the US dollar is trading at US$0.82 per Australian dollar. A year ago, it was trading for US$0.79 per

Question:

Currently the US dollar is trading at US$0.82 per Australian dollar. A year ago, it was trading for US$0.79 per A$. If the return on the US stock had been 15% in the last year, what would have been the net return earned by an Australian investor? 

Expert Answer:

Answer rating: 100% (QA)

To calculate the net return earned by an Australian investor who invested in US stocks over the past
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