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Mr . James K . Silber, an avid international investor, just sold a share of N stle , a Swiss firm, for SF 5 ,

Mr. James K. Silber, an avid international investor, just sold a share of Nstle, a Swiss firm, for SF5,090. The share was bought for SF4,610 a year ago. The exchange rate is SF1.65 per U.S. dollar now and was SF1.80 per dollar a year ago. Mr. Silber received SF122 as a cash dividend immediately before the share was sold. Suppose that Mr. Silber sold SF4,610, his principal investment amount, forward at the forward exchange rate of SF1.67 per dollar. How would this affect the dollar rate of return on this Swiss stock investment?
Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.

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