14-71 If the spot foreign exchange rate remains constant at $1.60 to £1 throughout the year,the return from the U.K.investment will be
A)15%.
B)12%.
C)16%.
D)13%.
E)7%.

Question

Quizplus · Accepted Answer

The Answer of 14-71 If the spot foreign exchange rate remains constant at $1.60 to £1 throughout the year,the return from the U.K.investment will be
A)15%.
B)12%.
C)16%.
D)13%.
E)7%.

14-71 If the Spot Foreign Exchange Rate Remains Constant at $1.60