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Below are bid - ask data on the German stock index ( in local currency ) , as well as the $ / exchange rates

Below are bid-ask data on the German stock index (in local currency), as well as the $/ exchange rates for 1/31/2007 and 1/31/2008
1/31/2007
1/31/2008
German Stock Index
(Bid - Ask)
(Bid - Ask)
350-360
300-310
Exchange Rate
1.281.29 $/
1.481.49 $/
Natalie Kay, a dollar-based investor living in Pennsylvania, purchased shares in the German Stock Index on 1/31/2007 and sold them on 1/31/2008 What was Natalie's return on this investment during the year?
a.4.59%
b.-1.66%
C.-4.39%
d. None of the above.

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