Suppose you are a U.S.investor who is planning to invest $350,000 in China.Your Chinese investment gains 8 percent.If the exchange rate moves from 6.09 Yuan per dollar to 6.12 per dollar over the period,what is your total return on this investment?
A) 6.55%
B) 6.71%
C) 6.98%
D) 7.29%
E) 7.47%
Correct Answer:
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