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

question 25

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 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:

Phosphoglycerate (PGA)

A three-carbon molecule that plays a critical role in both the glycolysis pathway and the Calvin cycle in photosynthesis.

Light-Independent Reactions

The series of biochemical reactions in photosynthesis that do not require light to proceed, occurring in the stroma of chloroplasts to synthesize glucose.

Photorespiration

Inefficient sugar-production pathway initiated when rubisco attaches oxygen instead of carbon dioxide to RuBP (ribulose bisphosphate).

Carbon Fixation

Process by which carbon from an inorganic source such as carbon dioxide is incorporated (fixed) into an organic molecule.