You are a U.S. investor who purchased British securities for 4,000 pounds one year ago when the British pound cost $1.50. No dividends were paid on the British securities in the past year. Your total return based on U.S. dollars was __________ if the value of the securities is now 4,400 pounds and the pound is worth $1.62.
A. 16.7%
B. 18.8%
C. 28.0%
D. 40.0%
E. None of the options
B. 18.8%
($7,128 $6,000)/$6,000 = 0.188, or 18.8%.
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