Bema Gold is an exploration and production company that trades on the Toronto stock exchange....
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Bema Gold is an exploration and production company that trades on the Toronto stock exchange. Assume that when purchased by an international investor the stock's price and the exchange rate were CAD5 and CAD1.O/USD0.72 respectively. At selling time, one year after the purchase date, they were CAD6 and CAD1.0/USD1.0. Calculate the investor's annual percentage rate of return in terms of the U.S. dollars. 28.00 percent A. 66.67 percent B. -13.60 C. percent 38.89 percent D. When the bond sells at par, the implicit /$ exchange rate at maturity of a Euro/U.S. dollar dual currency bond that pays $651.25 at maturity per 1,000, is 1.22/$1.00 A. 1.54/$1.00 B. 1.79/$1.00 C. 1/$1.00 D
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