Michael is an investor based in New York He holds 100 shares of Bescherelle, a French firm that went public in March 2015. He bought the shares at 18 per share. At that time, the dollar euro exchange rate was $1.360/. Now, the share is trading at 25 and the dollar euro exchange rate is $1.410/. 17. If Michael sells his shares today, what percentage change in the share price would he receive? A. 55.43% B. 40.11% C. 38.89% D. 23.34% 18. Over this period, by how much has the dollar appreciated/depreciated against the Euro? A. Appreciated by 3.68% B. Depreciated by 3.68% C. Appreciated by 3.54% D. Depreciared by 3.54% 19. If Michael sold his shares at those rates, what would be the total return? A. $987 B. $1,077 r C. $1,257 D. $1,327 20. Coffee Bean and Tea Leaf (CBTL) started operating in Malaysia in May, 2008. The price of an Americano in Kuala Lumpur is RM8. The same Americano can be purchased in Miami for $3. The exchange rate between Malaysian Ringgit and U.S dollar is RM4.29/$. According to purchasing power parity, is the Malaysian ringgit overvalued or undervalued? A. Overvalued by 37.76% B. Undervalued by 37.76% C. Overvalued by 60.67% D. Undervalued by 60.67%