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You are a French institutional investor and wish to buy 1,000 shares of General Motors. Your U.S. broker quotes 45-45.25, with a commission of 0.20%

You are a French institutional investor and wish to buy 1,000 shares of General Motors. Your U.S. broker quotes 45-45.25, with a commission of 0.20% of the transaaction value. Your bank quotes the $/Euro rate at 1.1000-1.1100 net. What would be your total cost in Euros?

Choices: 39,545 Euros, 41,218, 42,358 or 43, 117?

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