Instruction 13.1: Use the Information to Answer the Following Question(s)

Multiple Choice

Instruction 13.1:
Use the information to answer the following question(s) .
In September 2009 a U.S. investor chooses to invest $500,000 in German equity securities at a then current spot rate of $1.30/euro. At the end of one year the spot rate is $1.35/euro.
-Refer to Instruction 13.1. How many euros will the U.S. investor acquire with his initial $500,000 investment?

A) €650,000
B) €370,370
C) €500,000
D) €384,615