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Please show the full working on how to arrive on an answer? thanks so much 7. An Australian investor buys some British shares from London

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7. An Australian investor buys some British shares from London Stock Exchange (LSE) and sells them one year later. The exchange rate quotes are the following: Bid Ask T=0 0.5334 /A$ 0.5437 /A$ T=1 0.6457 /A$ 0.6567 /A$ The shares' net return is 15% on LSE over the period. The net return to the Australian investor is: A. 41.58% B. 36.57% C. -3.17% D. -6.59% E. None of the above

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