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Question
You are a U.S. investor who purchased British securities for 3,500 pounds 1 year ago when the British pound cost $1.35. No dividends were paid on the British securities in the past year. Your total return based on U.S. dollars was __________ if the value of the securities is now 4,200 pounds and the pound is worth $1.15.
A. -3.8%
B. 2.2%
C. 5.6%
D. 15%
Answer
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Related questions
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Q:
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