A US mutual fund purchased 150,000 shares of BBC Corp.'s (British firm) stock.At the time the mutual
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Question:
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 whenBBC 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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