As a U.S. investor, you decide to invest $75,000 in Switzerland. You do so at a starting exchange rate of .97 CHF/$. Your Swiss investment gains 9%, and the ending exchange rate is .95 CHF/$. What is your total return on this investment?
A) 11.29%
B) 11.38%
C) 11.47%
D) 11.53%
E) 11.66%
Correct Answer:
Verified
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