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Use the following information to answer questions 2 6 to 2 8 Michael is an investor based in New York He holds 1 0 0

Use the following information to answer questions 26 to 28
Michael is an investor based in New York He holds 100 shares of Bescherelle, a French
firm that went public in March 2015. He bought the shares at 18 per share.
At that time, the dollar euro exchange rate was $1.360. Now, the share is trading at 25
and the dollar euro exchange rate is $1.410.
If Michael sells his shares today, what percentage change in the share price would
he receive?
A.55.43%
B.40.11%
C.38.89%
D.23.34%
E.15.30%
Over this period, by how much has the Euro appreciated/depreciated against the
dollar?
A. Appreciated by 3.68%
B. Depreciated by 3.68%
C. Devalued by 3.68%
D. Appreciated by 3.54%
E. Depreciated by 3.54%Use the following information to answer questions 26 to 28
Michael is an investor based in New York He holds 100 shares of Bescherelle, a French firm that went public in March 2015. He bought the shares at 18 per share.
At that time, the dollar euro exchange rate was $1.360/. Now, the share is trading at 25 and the dollar euro exchange rate is $1.410/.
26. If Michael sells his shares today, what percentage change in the share price would he receive?
\Alpha .55.43%
\Beta .40.11%
C.38.89%
D.23.34%
\Epsilon .15.30%
27. Over this period, by how much has the Euro appreciated/depreciated against the dollar?
A. Appreciated by 3.68%
B. Depreciated by 3.68%
C. Devalued by 3.68%
D. Appreciated by 3.54%
E. Depreciated by 3.54%
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