Spiegel Chemikalie. Oriol Almenara is a European analyst and strategist for Mirror Funds, a New York-based mutual fund company. Oriol is currently evaluating the recent performance of shares in Spiegel Chemikalie, a publicly traded specialty chemical company in Germany listed on the Frankfurt DAX. The baseline investment amount used by Mirror is $200,000.
a. What was the return on the security in local currency terms?
b. What was the return on the security in U.S. dollar terms?
c. Does this mean it was a good investment for a local investor, a U.S.-based investor, or both? Bastion Technology is an information technology services provider. It currently operates primarily within the European marketplace, and therefore is not active or traded on any North American Stock Exchange. The company’s share price and dividend distributions have been as follows in recent years:
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