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Shari, a citizen of the USA, invested $1.5 million in Fish N Chips, a UK company, trading at a market value of 35 per share.
Shari, a citizen of the USA, invested $1.5 million in Fish N Chips, a UK company, trading at a market value of 35 per share. The conversion rate for pounds to dollars was 1 to $1.70 at the time of the investment. Assume that after two years, Shari sells the stock for 40 per share when the conversion rate for pounds to dollars is 1 to $1.8. Shari's total return is closest to: Select one A. 15.00% B. 16.67% C. 18.50% D. 21.00%
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