Suppose you are a U.S.investor who is planning to invest $100,000 in China.Your Chinese investment gains 6 percent.If the exchange rate moves from 7.10 Yuan per dollar to 7.15 per dollar over the period,what is your total return on this investment?
A) 4.52%
B) 4.76%
C) 4.91%
D) 5.26%
E) 5.49%
Correct Answer:
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