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A US mutual fund purchased 150,000 shares of BBC Corp.'s (British firm) stock. At the time the mutual fund opened their position, BBC was trading
A US mutual fund purchased 150,000 shares of BBC Corp.'s (British firm) stock. At the time the mutual fund opened their position, BBC was trading for 65 and the exchange rate was .8/$. Find the fund's percentage return (in terms of dollars) if the fund closes its position when BBC trades for 80 and the exchange rate is $1.5/. Round intermediate steps and your final answer to four decimals and enter your answer in decimal format (EX: .XXXX).
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