Use the Information to Answer the Following Question(s)

question 24

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 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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Definitions:

Marginal Utility

The boost in contentment or usefulness a consumer gets from purchasing one more unit of a product or service.

Dozen Oysters

A quantity unit referring to a grouping of twelve oysters, often used in the sale and serving of this seafood.

Beers

Alcoholic beverages made from fermented grains, primarily barley, and flavored with hops and other ingredients.

Indeterminate

A situation or outcome that is not clearly defined or decided, often because of complex or uncertain variables.