CH 19 QUIZ 76

CH  19  QUIZ   76
 (a.) You invest in the Canadian Equity market and you lose 20 percent (quoted in Canadian dollars). In
the meantime the United States dollar declines by 5 percent against the Canadian dollar. What is your
percentage gain or loss translated into dollars?
(b.) What if the United States dollar declines by 10 percent against the Canadian dollar, what would be
your percentage gain or loss translated into dollars?

Answer Detail

Get This Answer

Invite Tutor