You are a U.S.investor who purchased British securities for 3,500 pounds one year ago when the British pound cost $1.35.No dividends were paid on the British securities in the past year.Your total return based in U.S.dollars was __________ if the value of the securities is now 4,200 pounds and the pound is worth $1.15.
A) -3.8%
B) 2.2%
C) 5.6%
D) 15%
Correct Answer:
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