Fidelity recently purchased $$11\mathrm{.}3$ million worth of euro$-$denominated one$-$year $CD$ s that pay $11$ percent interest annually. The current spot rate of U$.$S$.$ dollars for euros is $$\frac{1\mathrm{.}104}{}1.$

a$.$ Is Fidelity exposed to an appreciation or depreciation of the dollar relative to the euro?

b$.$ What will be the return on the one$-$year CD if the dollar appreciates relative to the euro such that the spot rate of U$.$S$.$ dollars for euros at the end of the year is $$\frac{1\mathrm{.}004}{}??($Do not round intermediate calculations. Round your answer to $3$ decimal places. $($e$.$g$.,32\mathrm{.}161))$

c$.$ What will be the return on the one$-$year CD if the dollar depreciates relative to the euro such that the spot rate of U$.$S$.$ dollars for euros at the end of the year is $$\frac{1\mathrm{.}204}{}1?($Do not round intermediate calculations. Round your answer to $3$ decimal places. $($e$.$g$.,32\mathrm{.}161))$

$\backslash$table$[[,,],[$a$.,$Exposure,,$],[$b$.,$Return if dollar appreciates,,$\%$