Let's assume that the current exchange rate is $1.08/euro and that after one year the exchange rate is expected to be $1.14/euro. The interest rate of the $ is 3.5% The annual interest rate of the euro is 2.8% What is the return of the American who invests 1,000,000 in the European market

a.8.51%

b.-8.51%

c.9.25%

d.-9.25%