Mr. James K. Silber, an avid international investor, just sold a share of Nstle, a...
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Mr. James K. Silber, an avid international investor, just sold a share of Nstle, a Swiss firm, for SF5,110. The share was bought for SF4,630 a year ago. The exchange rate is SF1.75 per U.S. dollar now and was SF1.84 per dollar a year ago. Mr. Silber received SF126 as a cash dividend immediately before the share was sold. Suppose that Mr. Silber sold SF4,630, his principal investment amount, forward at the forward exchange rate of SF1.77 per dollar. How
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