Use your solution to the following problem to answer questions 37 and 38 A British investor sold U.S. stocks she bought one year ago. She had invested #75,000 to buy the shares for $50 per share and sold the shares for $65 per share. The exchange rate was $/# = 1.3353 at the beginning and $/# = 1.4354 at the end of the period. 20.93% 39.75% 25.15% 30% Question 38 How much of the return to the British investor was due to changes in exchange rates? -7.49% 7.49% -6.97% 6.97%
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