- Refer to Table 9-1. (LG 9-4) a. On June 15, 2016, you purchased a British pounddenominated CD by converting $1 million to pounds at a rate of 0.7605 pound for U.S. dollars. It is now July 15 , 2016. Has the U.S. dollar appreciated or depreciated in value relative to the British pound (see Table 9-1)? b. Using the information in part (a), what is your gain or loss on the investment in the CD? Assume no interest has been paid on the CD. - Refer to Table 9-1. (LG 9-4) a. On June 15, 2016, you purchased a British pounddenominated CD by converting $1 million to pounds at a rate of 0.7605 pound for U.S. dollars. It is now July 15 , 2016. Has the U.S. dollar appreciated or depreciated in value relative to the British pound (see Table 9-1)? b. Using the information in part (a), what is your gain or loss on the investment in the CD? Assume no interest has been paid on the CD