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In Order to Have a Return of 5

Question 79

Multiple Choice

In order to have a return of 5.33% over a month from the exchange between British pounds and Canadian dollars, what is the spot rate if the same exchange rate was 0.424 British pounds per Canadian dollar last month?


A) C$1.8165 per pound
B) C$1.9126 per pound
C) C$2.4842 per pound
D) 0.5779 pound per Canadian dollar
E) 0.4466 pound per Canadian dollar

Correct Answer:

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