Assume that you have invested $100,000 in the stocks of the British company XYZ. When purchased, the stock's price and the exchange rate were 50 and 0.50/$1.00 respectively. When the stocks were sold, one year after the purchase date, they were 60 and 0.60/$1.00. If the investor had hedged the foreign exchange risk of the equities by selling 50,000 forward at the forward exchange rate of 0.55/$1.00, the dollar rate of return of the hedged equity position would be: a. 3.33% b. 7.58% c. 9.65% d. 9.09% e. None of the above