One year ago, Jasmin and Derek opened investment accounts with a discount broker. In their C$ account, they purchased 300 Bank of Montreal (BMO) shares at C$54.20 per share and six Government of Canada bonds (GoCs) at C$1063 per bond. In their US$ account, they purchased 100 shares of International Business Machines (IBM) at US$125.50 per share and 200 shares of General Electric (GE) at US$18.57 per share. The exchange rate on the date of the purchases was C$1.00 = US$0.935.
The income received from the securities during the year and their current prices are listed in the following table.

The current exchange rate is C$1.00 = US$0.952
QUESTIONS
1. What total amount in C$ was initially invested in the portfolio?
2. What is the C$ equivalent of the total income received during the year? (For converting the US$ income to C$, use the average of the beginning and ending exchange rates for the year.)
3. What is the current total value in C$ of the securities (not including income received)?
4. Including both income and change in value of the securities, what was the percentage increase in the value of Jasmin€™s and Derek€™s portfolio during the year?

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Number owned Income received Current price 300 shares BMO GoCs IBM GE C$3.20 per share 6 bonds C$70.00 per bond 100 sharesUS$2.50 per share US$0.50 per share C$58.15 C$1021.50 US$132.25 US$20.38 200 shares