Instruction 16

question 39

Multiple Choice

Instruction 16.1: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 16.1. 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:

Trade With Great Britain

Economic exchanges between entities in Great Britain and other countries or colonies, historically significant during periods like the colonial era and the Industrial Revolution.

Declaration Of Independence

is the historic document adopted on July 4, 1776, in which the thirteen American colonies declared their independence from British rule.

War Preparation

The activities and measures taken by a nation or group to ready itself for potential military conflict.