-An Australian Investor Purchases a European-Based Investment at a Price

$\begin{array}{|l|l|l|}\hline & \text { Start of period } & \text { End of period } \\\hline \text { Investment value (USD) } & \$ 1000 & \$ 1200 \\\hline \text { Exchange rate (AUD/USD) } & 1.3500 & 1.3500 \\\hline\end{array}$
-An Australian investor purchases a European-based investment at a price of EUR52.50 when the exchange rate was AUD0.6500/AUD.If the exchange rate when the investment was sold was 0.6400,what must the investor sell the investment for to make a discrete return of 15%?

A) $\$ 45.57$
B) $\$ 51.69$
C) $\$ 53.36$
D) $\$ 59.43$

Correct Answer:

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