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5. A year ago, silver was selling for $15.12 an ounce and the USD per GBP...

5. A year ago, silver was selling for $15.12 an ounce and the USD per GBP exchange rate was 1.259. Today silver is selling for $17.83 an ounce and the exchange rate is 1.273 USD per GBP. A British investor bought the silver a year ago and sold it today, how much would she have made in GBP? 10 points Has the USD gotten weaker or stronger relative to the GBP over the last year? 5 points Did the change in the exchange rate help the British investor or hurt? Explain. 10 points

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