A us mutual fund purchased 150000 shares of bbc corps


A US mutual fund purchased 150,000 shares of BBC Corp.'s (British firm) stock. At the time the mutual fund opened their position, BBC was trading for £65 and the exchange rate was £.8/$. Find the fund's percentage return (in terms of dollars) if the fund closes its position when BBC trades for £80 and the exchange rate is $1.5/£. Round intermediate steps and your final answer to four decimals and enter your answer in decimal format (EX: .XXXX).

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