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Suppose that you are a French investor that buys stocks on the Belgium stock exchange. Over the year the Belgium stock market gains 12%. The

Suppose that you are a French investor that buys stocks on the Belgium stock exchange. Over the year the Belgium stock market gains 12%. The exchange at the beginning of the year was FRF 1.5/BEF. The exchange rate at the end of the year was FRF 1.6/BEF. What is the rate of return for the French investor?

If your answer is 2.34% please enter 2.34. If the % rate of return is positive: enter 2.34%, if it is negative: enter -2.34%

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