Talisman Energy is an oil exploration and production company headquartered in Calgary that trades on the New York Stock Exchange. At time of purchase by a Canadian investor the stock's price and the exchange rate were US$10 and US$0.64/C$1.00 respectively. One year later, the investor sold the shares for US$9.50 and the exchange rate was US$0.70/C$1.00.
-Calculate the exchange rate return from a Canadian perspective.(Round final percentage answer to 2 decimal places,and do not round intermediate calculations.)
A) -9.38
B) -8.57%
C) 8.57%
D) 9.38
Correct Answer:
Verified
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