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You are an American investor holding some German stocks. Over the month, the value of your stock portfolio goes from 5 million to 5.2 million.
You are an American investor holding some German stocks. Over the month, the value of your stock portfolio goes from 5 million to 5.2 million. The exchange rates move from $1 per euro to $0.98 per euro. What is your rate of return in dollars?
A)1.2%
B)1.92%
C)2.5%
D)2.86%
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