Simple currency return question
I just got confused with one of the solutions from schweser. Following is the question.
An EU investor has invested in Japanese stocks. Following are the stats.
Return in yen terms - 12%
Yen has appreciated by 5% relative to EUR
Calculate the return on stock in EUR terms?
I understand this is a very trivial question, but belive there is some problem with schweser answer, so wanted to check.
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