Q1: Part 1: You bought shares in a Canadian company for CA$78 per share two years ago. This week, you sold your shares for CA$75 per share. Two years ago at the time of purchasing, CA$ traded at 0.81 US$ and this week, the exchange rate was US$ 0.75 per CA$.

What was your return on investment and gain/loss per share, assuming you are a U.S. investor? Note: the stock does not pay any dividends.

Part 2: Six months ago, EUR/US$ exchange rate was $1.20 per 1 Euro. At that time, you bought shares in a German company for EUR35 per share. After six months, you sold the stock for EUR37 per share when the exchange rate was $1.10 per euro.

Assuming no dividends paid during the period, what is your rate of return on this investment? Show your work.