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1. U.S. Dollar appreciated/depreciated 2. By how much? 3. The Loonie appreciated/depreciated 4. By how much? 5. If you were a Canadian Investor and bought

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1. U.S. Dollar appreciated/depreciated 2. By how much? 3. The Loonie appreciated/depreciated 4. By how much? 5. If you were a Canadian Investor and bought BBD stock (on the Toronto exchange) at the beginning of 2003, what was your holding period of return (ignore dividends) if you sold in 2011? 6. If you were a U.S. investor who bought BBD stock (on the Toronto exchange) at the beginning of 2003, what was your holding period of return (ignore dividends) if you sold in 2011? 7. If you are the investor in #6, do you realize #1 or #2? why

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