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Business, 03.12.2020 20:30 Gaby702

You are a U. S. investor who purchased British securities for 2,340 pounds one year ago when the British pound cost $1.52. 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 2,440 pounds and the pound is worth $1.61. a. 16.7%.
b. 20.0%.
c. 12.5%.
d. n/a.

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