You invest $150,000 in Germany when the exchange rate is $1.25/€. Your investment gains 10%, and you subsequently exchange the euros back into dollars at a rate of $1.20/€. What is your total percentage return on this investment?
A) 4.48%
B) 4.89%
C) 5.10%
D) 5.35%
E) 5.60%
Correct Answer:
Verified
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