From Jan 2008 to Jan 2009 the Japanese yen to U. S. dollar exchange rate decreased from 107.81 yen per dollar to 90.12 yen per dollar. A U. S. based investor buys a one year yen denominated bond for $2,000 in Jan 2008. One year later the bond provides 1% rate of return in yen. What is the rate of return in dollars?

17.57%

8.92%

-7.92%

-16.57%