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You just purchased 1,000 of Kangaroo Lager trading on the Sydney Stock Exchange for AUD 1.43 per share. The exchange rate for the Australian dollar

You just purchased 1,000 of Kangaroo Lager trading on the Sydney Stock Exchange for AUD 1.43 per share. The exchange rate for the Australian dollar at the time of purchase was $0.785. If Kangaroo Lager stock rises to AUD 1.76 per share and if the Australian dollar depreciates to $0.720, what is your holding period return if you sell the shares?

A. 9% B. 11.4% C. 12.9% D. 23.1%

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