Assume that an investor has invested $100,000 in British equities. When purchased, the stock's price and the exchange rate were 50 and 0.50/$1.00 respectively. At selling time, one year after purchase, they were 60 and 0.60/$1.00. There were no dividend payouts. If the investor had sold 50,000 forward at the forward exchange rate of 0.55/$1.00, the total dollar rate of return for the investor's combined foreign equity investment and currency hedging would be _____ .

Group of answer choices

9.09%

28.00%

7.58%

10.90%