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Calculate Richard rate of return in Canadian dollar

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Question - Richard, from Langley, BC, bought American airline stock at 25.5 US$ when the exchange rate was US$0.71/C$. Twelve months later he sold American airline stock for 28.3 US$ and the exchange rate was US$0.83/C$. Calculate Richard's rate of return in Canadian dollar. (Show calculations to support your answer).

Reference no: EM133089656

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