Question: CORRECT ANSWER IS THERE. JUST NEED HELP ON HOW TO GET THE ANSWER. THANK YOU Use the following information to answer questions 2224. A U.K.

CORRECT ANSWER IS THERE. JUST NEED HELP ON HOW TO GET THE ANSWER.
THANK YOU
Use the following information to answer questions 2224. A U.K. investor invested Pounds 1 million in shares of a U.S. firm, Bristol Myers Squibb (BMS), on January 1, 2018. The price per BMS share at that time was USD 50 and the exchange rate at that time was $1.2 per Pound. On January 1, 2019, the price per BMS share was USD 60 and the exchange rate was $1.5 per Pound. 22) What is the rate of return in USD terms for this 1-year period? Ans: 20% 23) What is the rate of return in Pound terms for the U.K. investor for this 1-year period? Ans: - 4% 24) What was the contribution of exchange rate movement to the rate of return in Pound terms? Ans: 20%
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