ESSEN.OF INVESTMENTS(LOOSE)W/CONNECT<BI>
ESSEN.OF INVESTMENTS(LOOSE)W/CONNECT<BI>
11th Edition
ISBN: 9781264800919
Author: Bodie
Publisher: MCG
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Chapter 19, Problem 1CP
Summary Introduction

To calculate:

The total returns if U.S. investor who purchased British securities for pound 2000 one year ago at U.S. $1.50 and now security value is pound 2400 and pound is worth $1.45

Introduction:

Return means an earning on investment which shows that how much investor has earned in a year of investment.

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