Wickey McAvoy, a U.S. citizen, holds a portfolio of French common stocks. Last year the portfolio produced

Question:

Wickey McAvoy, a U.S. citizen, holds a of French common stocks. Last year the produced an 8% return, denominated in French francs. During that year the franc appreciated 20% against the U.S. dollar. What was Wickey's return measured in U.S. dollars?
Portfolio
A portfolio is a grouping of financial assets such as stocks, bonds, commodities, currencies and cash equivalents, as well as their fund counterparts, including mutual, exchange-traded and closed funds. A portfolio can also consist of non-publicly...