Instruction 13.1: Use the Information to Answer the Following Question(s)

question 13

Multiple Choice

Instruction 13.1:
Use the information to answer the following question(s) .
In September 2009 a U.S. investor chooses to invest $500,000 in German equity securities at a then current spot rate of $1.30/euro. At the end of one year the spot rate is $1.35/euro.
-Refer to Instruction 13.1. At an average price of €60/share, how many shares of stock will the investor be able to purchase?

• A) 8333 shares
• B) 6410 shares
• C) 6173 shares
• D) 10,833 shares

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