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You are an American investor who has found an excellent opportunity to invest in Germany (the German currency is now the Euro). When you made
You are an American investor who has found an excellent opportunity to invest in Germany (the German currency is now the Euro). When you made the investment, the Euro/USD exchange rate was $1.19. Your investment did very well and earned 9.63%. At the end of your investment horizon, the exchange rate is now $1.1 Euro/USD. What is your domestic return? State your answer as a percentage with two decimal places and not in decimal form (i.e. 13.21 not.1321)
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