1.An investor in Canada purchased 100 shares of IBM on January 1 at $93.00 per share. IBM paid an annual dividend of $0.72 on December 31^st. The stock was sold that day as well for $100.25. The exchange rate was $0.68 per Canadian Dollar on January 1 and $0.71 per Canadian dollar on December 31. What is the investors total return in Canadian dollars?

2.The six-month forward rate between the British pound and the US dollar is $1.75 per pound. If six-month interest rates are 3% in the United States and 150 basis points higher in England, what is the current exchange rate?