Ann purchased shares in a German firm at a price per share of 35 euros when the Australian $/euro exchange rate was $1.40. After six months, Ann sold the share for 37 euros when the Australian $/euro exchange rate was $1.45. The share does not pay a dividend. What is Ann's rate of return on this investment?
A) 5.7%.
B) 9.5%.
C) - 5.4%.
D) - 9.5%.
Correct Answer:
Verified
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