One year ago, Jasmin and Derek opened investment accounts with a discount broker. In their C$ account, they purchased 300 Bank of Montreal (BMO) shares at C$54.20 per share and six Government of Canada bonds (GoCs) at C$1063 per bond. In their US$ account, they purchased 100 shares of International Business Machines (IBM) at US$125.50 per share and 200 shares of General Electric (GE) at US$18.57 per share. The exchange rate on the date of the purchases was C$1.00 = US$0.935.
The income received from the securities during the year and their current prices are listed in the following table.

The current exchange rate is C$1.00 = US$0.952
QUESTIONS
1. What total amount in C$ was initially invested in the portfolio?
2. What is the C$ equivalent of the total income received during the year? (For converting the US$ income to C$, use the average of the beginning and ending exchange rates for the year.)
3. What is the current total value in C$ of the securities (not including income received)?
4. Including both income and change in value of the securities, what was the percentage increase in the value of Jasmin’s and Derek’s portfolio during the year?