A British investor buys a stock listed on the NYSE at the beginning of the year for $60. At the end of the year, the investor sold the stock at $63. At the beginning of the year, the $/pound exchange rate was 1 pound = $1.2. At the end of the year, the exchange rate was 1 pound = $1.3 If the investor converted pounds to dollars at the beginning of the year to buy the stock, and then converted her dollar proceeds to pounds at the end of the year after she sold the stock, what was her overall pound denominated return? 13.75% -3.08% -12.09% 5.00% -7.69%