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Ask a new Question 24) Bema Gold is an exploration and production company that trades on the Toronto stock exchange. Assume that when purchased by
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24)
Bema Gold is an exploration and production company that trades on the Toronto stock
exchange. Assume that when purchased by an international investor the stock's price and
the exchange rate were CAD5 and CAD1.0/USD0.72 respectively. At selling time, one
year after the purchase date, they were CAD6 and CAD1.0/USD1.0. Calculate the
investor's annual percentage rate of return in terms of the U.S. dollars.
A)
38.89 percent
B)
66.67 percent
C)
13.60 percent
D)
28.00 percent
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