Question 14 8 pts A U.S. investor has $1,000 in her possession and considers investing in the U.S. security or in France's security. The current spot exchange rate is 0.8/$ and the 180-day forward exchange rate is 0.7874/$. The annualized risk-free rate is 6% in the U.S. and 4% in France. If any arbitrage opportunity exists, what is the highest annualized percentage rate of return the investor would expect? (Please, do not round intermediate calculations. Provide your final answer as a percent rounded to 2 decimal places with no percentage symbol (%))