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2. Refer to Table 9-1. (LG 9-4) a. On February 13,2020, you purchased a British pounddenominated CD by converting $1 million to pounds at a

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2. Refer to Table 9-1. (LG 9-4) a. On February 13,2020, you purchased a British pounddenominated CD by converting $1 million to pounds at a rate of 0.8226 pound for U.S. dollars. It is now March 13, 2020. Has the U.S. dollar appreciated or depreciated in value relative to the British pound (see Table 9-1)? b. Using the information in part (a). what is your gain or loss on the investment in the CD? Assume no interest has been paid on the CD

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