Assume you analyzed Royal Bank of Canada (a Canadian Company) and you find it to be highly undervalued at the current price of C$90; hence, you buy 1000 stocks at the current exchange rate of $1.30/C$. Further assume the stock price increases to C$99 by next year, which would be a 10% return on the stock (in Canadian dollar) and that the USD strengthens to $1.20/C$ over the same period. How much do you have to pay for the 1000 stocks in U.S. dollars today? $118,800.00 $90,000.00 None of the answers are correct $117,000.00 $69.230.77