Answered You can hire a professional tutor to get the answer.

QUESTION

An investor in the United States bought a one-year British security valued at 98,000 British pounds. The U. dollar equivalent was $196,000.

An investor in the United States bought a one-year British security valued at 98,000 British pounds. The U.S. dollar equivalent was $196,000. The British security earned 17 percent during the year, but the British pound depreciated six cents against the U.S. dollar during the period ($0.51 to $0.45).After transferring the funds back to the United States, what was the investor’s return on her $98,000?Determine the total ending value of the British investment in British pounds and then translate this British value to U.S. dollars

Show more
LEARN MORE EFFECTIVELY AND GET BETTER GRADES!
Ask a Question