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Company is based in canada, but trades on the New York Stock exchange , at the time of purchase the Canadian investor's stock price and
Company is based in canada, but trades on the New York Stock exchange , at the time of purchase the Canadian investor's stock price and the exchange rate were US$10 and US$0.64/C$1.00 respectively. Once year later the investor sold the shares for US$9.50 at US$0.70/C$1.00. Calculate the investors annual percentage rate of return in Canadian dollars ( round to 2 decimal places)
a. -13.14%
b. -3.19%
c. 3.19%
d. 13.14%
Thank you!
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