Question: Question 5 Global Equity Fund which is based in UK, bought on October 30 2020, 100.000 shares of Intel Corporation for USD 43,70 per share.

Question 5 Global Equity Fund which is based in UK, bought on October 30 2020, 100.000 shares of Intel Corporation for USD 43,70 per share. The GBP/USD exchange rate at the date of purchase was 1,2932. At March 31 2021, they sold their Intel Corporation stocks for USD 64,00 per share. The GBP/USD exchange rate at the selling date was 1,3747. a) What was Global Equity Fund's return for this transaction on their base currency (GBP) Assume no taxes or other transaction costs. (70%) b) What was Global Equity Fund's return for this transaction on their base currency (GBP), if a capital gain tax of 20% is applicable in UK (30%)

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