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Bema Gold is an exploration and production company that trades on the Toronto stock exchange. At purchase, the stock price was CAD5 and the exchange

Bema Gold is an exploration and production company that trades on the Toronto stock exchange. At purchase, the stock price was CAD5 and the exchange rate was $0.72/CAD. One year after purchase, the stock price was CAD6 and the exchange rate was at parity. Calculate the investor's realized dollar return.

Answers:

A. 38.89%

B. -13.60%

C. 28.00%

D. 66.67%

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