![marley5818](/avatars/1775.jpg)
marley5818
16.07.2020 •
Business
You are a U.S. investor who purchased British securities for 2,340 pounds one year ago when the British pound cost $1.52. No dividends were paid on the British securities in the past year. Your total return based on U.S. dollars was if the value of the securities is now 2,440 pounds and the pound is worth $1.61.
Solved
Show answers
More tips
- G Goods and services How to Choose the Right High Chair for Your Baby?...
- S Style and Beauty Learn how to tie a keffiyeh on your head like a pro...
- S Style and Beauty How to braid friendship bracelets?...
- F Food and Cooking Delight for Gourmets: How to Prepare Liver Pate...
- C Computers and Internet How to Learn to Type Fast?...
- H Health and Medicine Angina: Causes, Symptoms, and Treatment...
- D Dating, Love, Relationships How to Overcome Jealousy: Tips and Tricks...
- H Health and Medicine 10 Ways to Cleanse Your Colon and Improve Your Health...
- W Work and Career How to Start Your Own Business: Tips and Recommendations...
- F Food and Cooking How to Make Delicious Cabbage Pies: The Best Recipes!...
Answers on questions: Business
- C Computers and Technology A(n) or cryptosystem is an encryption method or process encompassing the algorithm, key(s) or cryptovariable(s), and procedures used to perform encryption and decryption....
- E English What is the theme? and why?...
- E English Disney quiz 1) what is the name of the dragon in mulan? 2) what human item does ariel find in the sunken ship? 3) where was the first disneyland? 4) in 101 dalmatians, how...
- M Mathematics Complete the recursive formula of the geometric sequence -0.3, 0.9, -2.7, 8.1. .......
- B Business What lean concept relates to eliminating non-value-added steps and waste in product storage processes?...
Ответ:
Total Return = 10.45%
Explanation:
To calculate the return, we must first determine the appreciation in the value of the securities in terms of the US dollar.
The initial investment in terms of US dollar was of,
Initial Investment in USD = Investment in Pounds * Exchange rate
Initial Investment in USD = 2340 * 1.52
Initial Investment in USD = $3556.8
The current value of the investment in terms of USD is,
Current value of investment in USD = 2440 * 1.61
Current value of investment in USD = $3928.4
The formula to calculate total return is,
Total Return = (Current Value - Initial Value) / Initial Value
So, the total return based on US dollars was:
Total return = (3928.4 - 3556.8) / 3556.8
Total Return = 0.10447 or 10.447% rounded off to 10.45%
Ответ:
Explanation:
hlo...
can I be your friend please