Instruction 17.1: Use the Information to Answer the Following Question(s)

Instruction 17.1:
Use the information to answer the following question(s) .
In September 2002 a U.S. investor chooses to invest $500,000 in German equity securities at a then current spot rate of $1.30/euro. At the end of one year the spot rate is $1.35/euro.
-Refer to Instruction 17.1.At the end of the year the investor sells his stock that now has an average price per share of euro 57.What is the investor's average rate of return after converting the stock back into dollars?

A) -1.35%
B) 5.0%
C) -5.0%
D) -7.24%