CORRECT ANSWER IS THERE. JUST NEED HELP ON HOW TO GET THE ANSWER.

THANK YOU

Use the following information to answer questions 1618. A U.S. investor invested \$ 1 million in shares of a U.K. firm, Mayfair, on January 1, 2019. The price per Mayfair share at that time was 30 Pounds and the exchange rate at that time was 0.85 Pound/\$. On January 1, 2020, the price per Mayfair share was 27 Pounds and the exchange rate was 0.75 Pound/ $. 16) What is the rate of return in Pound terms for this 1 -year period? Ans: 10% 17) What is the rate of return in dollar terms for the U.S. investor for this 1-year period? Ans: 2% 18) What was the contribution of exchange rate movement to the rate of return in dollar terms? Ans: 13.3%