You are a U.S. investor who purchased 234 shares of British securities for 10 per share one year ago when the British pound cost $1.52. Dividends of 1 were paid on the British securities at the end of the year. Your total return based on U.S. dollars was __________ if the value of the securities is now 2,457 pounds and the pound is worth $1.61.

Multiple Choice

5.92%

20.00%

21.81%

10.40%