Find the poundreturn percent on investment from last year

Reference no: EM13476058

Suppose that you invested £1,000,000 in England last year, and the value of your investment increased to £1,100,000 this year. At the same time, BP has depreciated from $1.75/£ to $1.55/£.

a. What is the poundreturn (percent) on this investment from the last year to this year?

b. What is the dollar return (percent) on this investment from the last year to this year?

Reference no: EM13476058

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