Calculate the euro-based return an Italian investor would have realized by investing 10,000 into a 50 British stock on margin with only 40 percent down and 60 percent borrowed. The stock pays a 0.30 quarterly dividend, and after one year the investment sells for 54 the exchange rate has changed from 1.25 per pound to 1.30 per pound. The interest on the margin loan is 1 percent per year. The margin loan is denominated in pounds