You are a U.S.investor who purchased British securities for 2,000 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 2,400 pounds and the pound is worth $1.60.
A) 16.7%
B) 20.0%
C) 28.0%
D) 40.0%
E) None of the options
Correct Answer:
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