Question

Suppose you are a U.S. investor who is planning to invest $350,000 in China. Your Chinese investment gains 8 percent. If the exchange rate moves from 6.09 Yuan per dollar to 6.12 per dollar over the period, what is your total return on this investment?
A. 6.55%
B. 6.71%
C. 6.98%
D. 7.29%
E. 7.47%

Answer

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