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Mr. James K. Silber, an avid international investor, just sold a share of Nstle, a Swiss firm, for SF5,950. The share was bought for SF4,750

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Mr. James K. Silber, an avid international investor, just sold a share of Nstle, a Swiss firm, for SF5,950. The share was bought for SF4,750 a year ago. The exchange rate is SF2.35 per U.S. dollar now and was SF2.08 per dollar a year ago. Mr. Silber recelved SF150 as a cash dividend immediately before the share was sold. Suppose that Mr. Siber sold SF4,750, his principal investment amount. forward at the forward exchange rate of SF2.37 per dollar. How would this affect the dollar rate of return on this Swiss stock investment? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

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