Use the Information to Answer the Following Question(s)

question 27

Multiple Choice

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 17.1. At the end of the year the investor sells his stock that now has an average price per share of €57. What is the investor's average rate of return before converting the stock back into dollars?

• A)5.0%
• B)-3.0%
• C)-5.0%
• D)3.0%

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Definitions:

Legislative History

The records and documents created during the enactment process of a law, which can include bill drafts, committee reports, and legislative debates, used for interpreting legislative intent.

Ethical Reason

A justification for an action or decision based on moral principles and values.

Equitable Remedy

A court-ordered action that requires a party to take specific steps to correct a wrong, including injunctions and specific performance, distinguished from financial compensation.

Specific Performance

A contract remedy whereby the defendant is ordered to perform according to the terms of his contract.