Amanda purchased stock in a German firm at a price per share of 35 euros when the U.S. $/euro exchange rate was $1.20. After six months, Ann sold the stock for 37 euros when the U.S. $/euro exchange rate was $1.10
The stock does not pay a dividend. What is Ann's rate of return on this investment?
A) 3.31%
B) -3.10%
C) 5.7%
D) 9.2%
Answer: B
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