An investor starts with $$1$ million and converts it to $0\mathrm{.}75$ million pounds, which is then invested for one year. In a year the investor has $0\mathrm{.}7795$ million pounds, which she then converts to dollars at an exchange rate of $0\mathrm{.}72$ pounds per dollar. The U$.$S$.$ dollar annual rate of return earned was

$(5$point$)$

A$)4\mathrm{.}97$ percent

B$)5\mathrm{.}27$ percent

C$)6\mathrm{.}45$ percent

D$)7\mathrm{.}69$ percent

E$)8\mathrm{.}26$ percent

The preemptive right is designed to: $(4$point$)$

A$)$ allow management to diffuse stock ownership of any voting power.

B$)$ allow managers to preempt a stock offering if they do not like the terms of the deal.

C$)$ allow existing shareholders the right to sell their existing shares before the new offer.

D$)$ allow existing shareholders to buy shares of the new offering if they desire.

E$)$ None of these choices are correct.

The value of the British pound changed from $$1\mathrm{.}23$ to $$1\mathrm{.}32.$ We can say that the pound has and the dollar has $(4$point$)$

A$)$ depreciated; appreciated

B$)$ appreciated; appreciated

C$)$ appreciated; depreciated

D$)$ depreciated; depreciated

E$)$ None of these choices are correct.