Suppose that the government of Australia offers a one year risk free bond that pays 8% interest in Australian dollars (A$). You have $4,200 (U.S. dollars) to invest in the Australian bond. The current exchange rate is $0.84 / A$1. Thus, you can purchase A$5,000 worth of bonds initially with your $4,200. You invest in the bonds now and then convert your Australian dollars back to U.S. dollars after the interest payment is made. What is the percent return on your investment after one year if the exchange rate changes to $0.96 / A$1? 23.4% 13.9% -5.7% -8.1%