Question: Salem purchased a shirt for US$20 from the Niagara outlet mall in Buffalo on his credit card. The actual transaction on the statement shows

Salem purchased a shirt for US$20 from the Niagara outlet mall in Buffalo on his credit card. The actual transaction on the statement shows a value of C$22.45. It also includes 2.5% commission. Calculate the exchange rate used by the bank on the statement? Select one: O A. C$1 = US$0.9111 B. US$1 = C$1.0944 O C. US$1 = C$1.0976 O D. US$1 = C$1.1225 O E. C$1 = US$0.891 A private post-secondary corporation had a 1-year low stock price of $18.69 and a high of $40.47. Assuming that you bought it at the lowest price and sold it at its highest price, what is the simple annual rate of return on your stock purchase? Select one: A. 106.712% B. 116.533% OC. 126.712%

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