You invested $100,000 in British equities.The stock's price was £50 and the exchange rate was £0.50/$1.00.At selling time,one year after purchase,they were £45 and £0.60/$1.00.Assume the investor sold £50,000 forward at the forward exchange rate of £0.55/$1.00.The dollar rate of return would be
A) −27.27 percent
B) 1.09 percent
C) 28.00 percent
D) −9.09 percent
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