You are a U.S. investor who purchased British securities for 2,000 one year ago when the British
Question:
You are a U.S. investor who purchased British securities for £2,000 one year ago when the British pound cost U.S. $1.50. What is your total return (based on U.S. dollars) if the value of the securities is now £2,400 and the pound is worth $1.75? No dividends or interest were paid during this period.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 40% (5 reviews)
British securities purchased by US investor one year ago when 1 pound 1...View the full answer
Answered By
ANMOL AGRAWAL
I have completed my Bachelor of Commerce in Majority with Accountancy and Finance. I always have taught my peers and students as well Accountancy/Finance and Taxation subjects.
From the very learning stage, my peers used to study from me and they appreciated my teaching very well.
I have also taught Chartered Accountancy (CA) students (Finance and Taxation subjects).
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
You are a Canadian investor who purchased British securities for 2,000 one year ago when the British pound cost C$ 1.50. What is your total return (based on Canadian dollars) if the value of the...
-
Tris Speaker bought a Japanese stock one year ago when it sold for 280 yen per share and the exchange rate was $0,008 per yen. The stock now sells for 350 yen and the exchange rate is $0,010 per yen....
-
If a British investor who purchased French securities anticipates that the value of the euro may fall but does not wish to sell the securities, what should this investor do?
-
Record the following transactions in Journal. Post them into ledger and prepare a Trial Balance. Jan 1; Jan 2; Jan 10 Jan 15 Jan 20 Jan 28 Jan 31 Started business with cash Rs. 80,000 Bought...
-
Civil engineers generally bank, or angle, a curve on a road so that a car going around the curve at the recommended speed does not skid off the road. Engineers use this formula to calculate the...
-
PIPEDA: https://www.priv.gc.ca/en/privacy-topics/privacy-laws-in-canada/the-personal-information-protection-and-electronic-documents-act-pipeda/ Businesses and your personal information:...
-
How could you change the shape of your learning curve? 101-1
-
On April 1, 2014, Oversized Burrito Company entered into a 10-year franchise agreement with a group of individuals. The company receives a $300,000 initial franchise fee and agrees to assist in the...
-
Magnetic-Optical Corporation offers a variety of share-based compensation plans to employees. Under its restricted stock unit plan, the company on January 1, 2021, granted restricted stock units...
-
On December 31, 2020, Concord Company signed a $1,035,300 note to Marigold Bank. The market interest rate at that time was 11%. The stated interest rate on the note was 9%, payable annually. The note...
-
Much of this chapter was written from the perspective of a U.S. investor. But suppose you are advising an investor living in a small country (choose one to be concrete). How might the lessons of this...
-
The correlation coefficient between the returns on a broad index of U.S. stocks and the returns on indexes of the stocks of other industrialized countries is mostly _______, and the correlation...
-
The manufacturer and supplier participate in the procurement cycle. replenishment cycle. manufacturing cycle. life cycle.
-
X Calculate the reaction rate at various conversions, as shown below: FAO -TA -TA 0.2 0.8 Considering that for a PFR: dx V = FAO What is the conversion reached after the 50 m of this PFR?
-
For decades, leaders have talked about flexible working options, yet only few companies were consistently using these practices prior to the global health crisis of 2020. In March 2020, organizations...
-
Manatee Corp. has developed standard costs based on a predicted operating level of 352,000 units of production, which is 80% of capacity. Variable overhead is $281,600 at this level of activity, or...
-
When leaders are facing a crisis or an opportunity, generally, they tend to fall back on the leadership style that has worked for them in the past. Discuss with examples the options that would help...
-
Data Table the pasteet dollar -X Total sales revenues 2 Number of units produced and sold 500,000 units Selling price nt. $ 230,000 te Operating Income Total Investment in assets Variable cost per...
-
If you are manager of a restaurant, what are your daily food protection and sanitation responsibilities? LO-3..
-
In your audit of Garza Company, you find that a physical inventory on December 31, 2012, showed merchandise with a cost of $441,000 was on hand at that date. You also discover the following items...
-
In this photo, Ramu is eating raw meat. What do Ramus behaviors suggest about how we develop self-concepts? Would you define Ramu as a human or a wolf?
-
How long will it take for $10,000, invested at 5% per year, compounded continuously, to triple in value?
-
A bank pays 10% nominal annual interest on special three-year certificates. What is the effective annual interest rate if interest is compounded? (a) Every three months? (b) Daily? (c) Continuously?
-
Bart Simpson wishes to tour the country with his friends. To do this, he is saving money for a bus. (a) How much money must Bart deposit in a savings account paying 8% nominal annual interest,...
-
What is the yield to maturity on a 10-year, 9% annual coupon, $1,000 par value bond that sells for $967.00? That sells for $1,206.10?
-
1)Prepare the journal entry to record Tamas Companys issuance of 6,500 shares of $100 par value, 9% cumulative preferred stock for $105 cash per share. 2. Assuming the facts in part 1, if Tamas...
-
On consolidated financial statements, where does the parents equity in the net income of the subsidiary account appear? A. On the consolidated income statement, as a revenue B. On the consolidated...
Study smarter with the SolutionInn App