You Are a Canadian Investor Who Purchased British Securities for 2,000

Multiple Choice

You are a Canadian investor who purchased British securities for 2,000 pounds, one year ago when the British pound cost $1.50.No dividends were paid on the British securities in the past year.Your total return based on Canadian dollars was __________ if the value of the securities is now 2,400 pounds and the pound is worth $1.60.

A) 16.7%
B) 20.0%
C) 28.0%
D) 40.0%