If an Australian investor buys 2500 IBM shares at a price of USD 50 per share when the exchange rate is AUD/USD0.8, what is the investor's AUD cost of this investment?
A) 125 000 AUD
B) 100 000 AUD
C) 156 250 AUD
D) 150 000 AUD
E) None of these.
Correct Answer:
Verified
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