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A year ago, a Canadian investor bought some shares at a price of USD 7 6 . 0 0 , which today trade at USD

A year ago, a Canadian investor bought some shares at a price of USD 76.00, which today trade at USD 83.00. The investor has just received a dividend of USD 6.00. The USD/CAD rate was 1.3276 at the time of purchase, whereas today the USD/CAD rate is 1.3385. If the investor would decide to sell the shares and convert the USD into CAD at today's rate, could he improve his return?
A. The total investment return in USD is 15.66%, while in CAD, it represents 16.61%. The investor should sell the shares as the USD has appreciated, this would improve the return of his investment.
B. The total investment return in USD is 15.66%, while in CAD, it represents 16.48%. The investor should hold the shares because the CAD has depreciated.
C. The total investment return in USD is 17.11%, while in CAD, it represents 18.07%. The investor would improve his return by selling the shares and the USD, as it has increased in value.
D. The total investment return in USD is 17.11%, while in CAD, it represents 17.93%. The investor would improve his return by selling the shares as the CAD has appreciated.

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