Required:

Suppose you are a euro$-$based Italian investor, and you are investing $12,000$ to buy shares of a British company at $50$ per share. The

exchange rate is $1\mathrm{.}50$ per pound. The stock pays a $1$ dividend one year later, and you sell your shares for $58.$ The exchange rate

has changed to $1\mathrm{.}55$ per pound at the time of your sale. What is your pound rate of return on this investment and the change in

pound$-$euro exchange rate? What is your euro rate of return? If you had agreed at the outset to sell $8,000$ forward at the rate of $1\mathrm{.}37$

per pound, what is your euro rate of return on this investment?

Note: Enter your answer as a percent rounded to $2$ decimal places.