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Question 2 (20 marks) Use the following information for parts A to B. Ms. Chow purchased a property in Australia six months ago for investment

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Question 2 (20 marks) Use the following information for parts A to B. Ms. Chow purchased a property in Australia six months ago for investment purpose. The purchase price was 550,000 Australian dollars (AUD550.000). In order to pay for the property, Ms. Chow had to buy the AUD550,000 with Hong Kong dollar (HKD). She bought AUD550.000 at the exchange rate of HKD6.35 per AUD six months ago.- The current market price of the property in Australia is AUD570,000. The exchange rate of HKD to AUD is HKD6.03 per AUD today. + t t A. Has HKD appreciated or depreciated in the past six months, and by how many percent? (4 marks) + t U + B. Since the price of the property in Australia has risen, Ms. Chow is thinking about selling the property. Calculate Ms. Chow's holding period return on the property in terms of HKD. (6 marks) t

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