Exchange rate between pounds and dollars

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Reference no: EM131447462

Harold Perto purchased 100 shares of? Barclays, a U.K. financial services? firm, when they were trading for 258?(pounds sterling) and the exchange rate between British pounds and U.S. dollars was ?$1.49 per pound. A few months? later, Harold sold his Barclays shares at a price of 277 pound. Converting the proceeds back into dollars at an exchange rate of ?$1.23 per pound. How much money did Harold spend? (in U.S.? dollars) to purchase the? shares, and how much did he receive when he sold? them?

Reference no: EM131447462

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