Question: You are a Canadian investor who purchased British securities for

You are a Canadian investor who purchased British securities for £ 2,000 one year ago when the British pound cost C$ 1.50. What is your total return (based on Canadian dollars) if the value of the securities is now £ 2,400 and the pound is worth C$ 1.75? No dividends or interest was paid during this period.

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  • CreatedJune 21, 2015
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