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? A. 55.43% B. 40.11% C. 38.89% D. 23.34% E. 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%

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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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?
A. 55.43%
B. 40.11%
C. 38.89%
D. 23.34%
E. 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%
Transcribed Image Text: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? A. 55.43% B. 40.11% C. 38.89% D. 23.34% E. 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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