5. Assume that an Americans investment in the stock of a French company yielded a nominal rate of return of 18% in the past 12 months. Assume also that the Euro was worth $0.20 at the start of the period and $0.25 at the end of the period. In this case, the true rate of return for the investor was:

a. -5.6%.

b. 11.3%.

c. 22.5%.

d. 47.5