Suppose you are a euro-based investor who just sold Microsoft shares that you had bought six months ago. You had invested 10,000 to buy Microsoft shares for $120 per share; the exchange rate was $1.55 per euro. You sold the stock for $135 per share and converted the dollar proceeds into euro at the exchange rate of $1.50 per euro. How much of the return is due to the exchange rate movement?

Group of answer choices

3.75%

3.33%

12.50%

16.25%