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BierCo is a beer company based in Germany.You purchased the stock in 2011 for 100 Euros when the exchange rate was 1.4 EUR/ USD.Today BierCo's

BierCo is a beer company based in Germany.You purchased the stock in 2011 for 100 Euros when the exchange rate was 1.4 EUR/ USD.Today BierCo's price is 120 Euros and the exhange rate is 1.12 EUR/USD.What is the dollar-denominated totalreturn?Express in decimal total return format (i.e., 0.01 represents 1%).

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