You live in New York and buy a share of Phillips at a price of 166 euros. At the end of the year, you receive a dividend of 4 euros and the stock price is 160 euros. If the euro appreciates by 8% during the year, what was your percentage return in dollars for the year?
A) -10%
B) -1%
C) +7%
D) +9%
E) +11%
Correct Answer:
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