Seeking Beta is an investment asset manager based in China. Recognizing Australia as a potential market for diversification, the fund invested RMB 100 mil to buy Australian shares two years ago. The exchange rate was RMB7.00/AUD. The Australian equity market performed well since then from 5000 to 7000 points. The current exchange rate is RMB5.00/AUD. The fund exited the position to capitalise that gain. They sold the Australian shares at 7000 points. A) Determine the percentage return from this investment in Australian dollars. Show all workings. (4 marks) B) Compute the rate of return on your investment in RMB terms. Show all workings. (6 marks) C) What are channels that contribute to your investment risk? (Hint: Think about the variance of your investment) (5 marks)