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Suppose that S = $ 1 . 1 0 4 5 / . You ( an American ) purchased a French asset. The French asset

Suppose that S = $1.1045/. You (an American) purchased a French asset. The French asset is expected to yield 5.7%. Also, the euro is expected to depreciate by 3.6% against the dollar. What is your exact expected return? Do not write any symbol. Express your answers as a percentage. Make sure to round your answers to the nearest 100th decimal point. For example, write 2.45 for 2.45%. if could explain what formula to use and why as well it would be great help.

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