Currently the British pound is trading at 0.41 per Australian dollar. A year ago, it was trading for 0.43 per

Currently the British pound is trading at 0.41 per Australian dollar. A year ago, it was trading for 0.43 per

Question:

Currently the British pound is trading at £0.41 per Australian dollar. A year ago, it was trading for £0.43 per A$. If the return on the British stock had been 20% in the last year, what would have been the net return earned by an Australian investor?

Expert Answer:

Answer rating: 100% (QA)

To calculate the net return earned by an Australian investor who i
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