Suppose you are a U.S. investor who is planning to invest $100,000 in China. Your Chinese investment gains 5%. If the exchange rate moves from 7.12 Yuan per dollar to 7.14 Yuan per dollar over the period, what is your total return on this investment?
A) 4.42%
B) 4.56%
C) 4.71%
D) 5.26%
E) 5.33%
Correct Answer:
Verified
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