A Canadian Plans to Buy 100 Shares of This American

question 13

Multiple Choice

$\begin{array}{|l|r|r|rr} \hline& \text { Expected Return } & \begin{array}{r}\text { Standard Deviation of } \\\text { Return }\end{array} &{\text { Correlation }} \\& & & \text { Coefficients } \\& & & \text { X }& \text {Y} \\\hline \text { Canadian Stock X } & 6 \% & 9 \% & 1.00 & \\\hline \text { American Stock Y } & 4 \% & 8 \% & 0.80 & 1.00\\ \hline\end{array}$

A Canadian plans to buy 100 shares of this American stock for US $20 per share. The current spot rate is C$1.2977 = US $1. Suppose that this investor can sell the stock for US $30 a share a year later. The spot rate at the time of the sale is C$1.3029 = US $1.
-What will the annual percentage return be on foreign exchange measured with Canadian dollars for this investor?

• A) -0.50%
• B) -0.20%
• C) -0.10%
• D) -0.40%
• E) -0.30%

Recognize the role and impact of technology in enhancing sales presentations.

Identify the essential steps and strategies for effective sales presentations.

Describe various suggestion techniques used by salespeople.

Assess the importance of nonverbal communication in selling.

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Definitions:

Void Contracts

Agreements that are not legally enforceable from the outset due to the presence of certain defects in the contract.

Minor

An individual under the age of legal adulthood, typically seen as below the age of 18 in most jurisdictions.

Statute of Frauds

A legal principle requiring certain types of contracts to be written and signed to be enforceable.

Oral Contract

An agreement between parties that is spoken and not formally recorded in written form, yet is legally binding.