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3. Calculate the rate of return in terms of dollars on the following assets: a. A painting whose price rises from $200 to $250 in

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3. Calculate the rate of return in terms of dollars on the following assets: a. A painting whose price rises from $200 to $250 in a year. b. A 10,000 deposit in a London bank in a year when the interest rate on pounds is 10%, and dollar/pound exchange rate moves from $1.50 per pound to $1.38 per pound. c. A share of BASF stock which was purchased for 100 and in a year trades for 200. The dollar/euro exchange rate moves from $1.06 per to $1.12 per

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