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Suppose you are a U . S . investor who is planning to invest $ 2 9 5 , 0 0 0 in Japan. You

Suppose you are a U.S. investor who is planning to invest $295,000 in Japan. You do so at a starting exchange rate of 85.98 per $. Your Japanese investment gains 8.7 percent, and the ending exchange rate is 90.35 per $. What is your total return on this investment?
Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.
Answer is complete but not entirely correct.
[10.92,%]
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