An investor starts with $1 million and converts it to 0.75 million pounds, which is then invested for one year. In a year the investor's return in pounds is 3.9333%, which she then . converts to dollars at an exchange rate of 0.72 pounds per dollar. The U.S. dollar annual rate of return earned was _____. a. 1.26 b. 2.26 c. 3.26 d 4.26 e. 5.26 f. 6.26 g. 7.26 h. 8.26 %

#2

an investor starts with $1 million and converts it to 0.76 million pounds, which is then invested for one year. In a year the investor has 0.7795 million pounds, which she then . converts to dollars at an exchange rate of 0.72 pounds per dollar. The U.S. dollar annual rate of return earned was _____. a. 1.26 b. 2.26 c. 3.26 d 4.26 e. 5.26 f. 6.26 g. 7.26 h. 8.26 %