Suppose you are a U. S. investor who purchased French stocks for EUR5,250 one year ago when the dollar-euro exchange rate was 1.25 USD/EUR. During the past year no dividends were paid on your French stocks. You just sold your French stocks for 5,500 euro and the exchange rate was 1.31 USD/EUR. What is your total return (in percentage) on your investment in the French stocks based on U. S. dollars?

A.

5.00%

B.

9.79%

C.

6.50%

D.

7.80%

E.

3.55%