Suppose a U.S. investor wishes to invest in a British firm currently selling for 25 per share. The investor has $20,000 to invest, and the current exchange rate is $2/.

a. How many shares can the investor purchase? (Round your answer to the nearest whole number.)

b. Fill in the table below for dollar-denominated rates of return after one year in each of the nine scenarios (three possible share prices denominated in pounds times three possible exchange rates). (Round your answers to 2 decimal places. Leave no cells blank - be certain to enter "0" wherever required. Negative amounts should be indicated by a minus sign.)

Price per Share ()	Pound-Denominated Return (%)		Dollar-Denominated Return (%) for Year-End Exchange Rate
			$1.80/		$2.00/		$2.20/
22		%		%		%		%
27		%		%		%		%
32		%		%		%		%