You Are a Canadian Investor Who Purchased British Securities for 2,200

Multiple Choice

You are a Canadian investor who purchased British securities for 2,200 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 2,560 pounds and the pound is worth $1.60.

A) 16.7%
B) 20.3%
C) 24.1%
D) 41.4%