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What should the expected exchange rate change be if the DAX investment is to have a Sharpe ratio of 1.00 for the US investor? Use

What should the expected exchange rate change be if the DAX investment is to have a Sharpe ratio of 1.00 for the US investor?
Use the following information for questions 32 and 34. Let the expected euro return on the German stock market index, DAX, be 15%, and let its volatility be 20%. The volatility of the dollar/euro exchange rate is 10%. Assume the correlation between the return on the DAX (in euros) and the dollar/euro exchange rate is 0. Assume that the risk-free rate is 1% for a U.S. investor

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