Suppose a U

question 43

Multiple Choice

Suppose a U.S. investor wishes to invest in a British firm currently selling for ₤50 per share. The investor has $7,000 to invest and the current exchange rate is $1.40/₤.
-After one year,the exchange rate is $1.50/₤ and the share price is ₤45.How much of your dollar-denominated return is due to the currency change?

• A) 10.00%
• B) 6.43%
• C) 4.34%
• D) 2.12%

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Social and romantic activities and relationships that individuals engage in to meet new people, form intimate relationships, or maintain social connections.

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