Your $1,000,000 investment in Mexican pesos gained 4.5%. If the exchange rate moves from 18.750 pesos per dollar to 19.593 pesos per dollar over the period, what is your total return on this investment?
A) −4.50%
B) −2.25%
C) 0%
D) 2.25%
E) 4.50%
Correct Answer:
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