$.$ Effective Yield A U$.$S$.$ investor obtains British

pounds when the pound is worth $$1\mathrm{.}50$ and invests in a

one$-$year money market security that provides a yield

of $5$ percent $($in pounds$).$ At the end of one year, the

investor converts the proceeds from the investment

back to dollars at the prevailing spot rate of $$1\mathrm{.}52$ per

pound. Calculate the effective yield.