Suppose an investor buys a share of British Petroleum at a price of £32 at the start of the year. During the year, the investor receives a dividend of £At the end of the year, the price of BP is £3During the year, the exchange rate goes from £1 = $to £1 = $What was the investor's dollar return on BP?
A) -2.35%
B) -6.47%
C) 1.59%
D) 10.94%
Correct Answer:
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