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You invest $150,000 in Germany when the exchange rate is $1.25/. Your investment gains 10%, and you subsequently exchange the euros back into dollars at

You invest $150,000 in Germany when the exchange rate is $1.25/. Your investment gains 10%, and you subsequently exchange the euros back into dollars at a rate of $1.20/. What is your total percentage return on this investment?

a. 5.60%

b. 5.35%

c. 4.89%

d. 4.48%

e. 5.10%

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