Sarah purchased a share one year ago at a price of $32AUD when the exchange rate was $0.85 USD/AUD. In the past year, she has received four quarterly dividends of $0.75AUD each. Today she sold the stock for $38AUD a share, when exchange rate is $0.72 USD/AUD.

Using the information above to answer questions 7 to 9.

7. Sarah's capital gain per share in Australia dollars over the past year is:

A. $3.00.

B. $6.00.

C. $9.00

D. $6.75

8. Sarah's rate of return in Australian dollars over the past year is:

A. 18.75%

B. 28.13%

C. 21.09%

D. 23.44%

9. Sarah's rate of return in US dollars over the past year is:

A. 8.53%

B. 5.88%

C. 7.52%

D. 6.33%