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A year ago, Peter Allan invested in the stock of Jober, a German company. Over the last year, the stock declined in value by 20 percent. However, the euro appreciated over the year by 10 percent. If Peter sold the stock today, his return would be ________.

Respuesta :

Answer:

Inconclusive

Explanation:

The question lacks details about the value of the stocks of the German company.

Assuming the stock initial value at Peter's purchase is £100, after which there was a 20% decline (£100-20%) over the last year, then the euro appreciated over the year by 10%; meaning (£80+10% = £90).

If Peter sold the stock today his returns is -10% because his returns is 10% lesser than the initial stock value.

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