CH 19 QUIZ 50

CH  19  QUIZ 50
 An investment in Mexico produces a return of 80 percent. However, the Mexican peso has just declined
by 45 percent relative to the dollar. The previous value of the peso was $.0066. The adjusted return on
the investment is
A. 42 percent gain
B. 8.5 percent loss
C. 1.0 percent loss
D. None of the above

Answer Detail

Get This Answer

Invite Tutor