You start with $$1,000,000.$

On January $1,$ of last year you bought shares of a German firm at $40$ euro per share. You sold at year end at $50$ euro per share.

On January $1$ the exchange rate was $$1\mathrm{.}25$ per euro and at year end the euro had decreased to $$1\mathrm{.}20.$

Calculate your dollar denominated return to $2$ decimals

Hint if your answer is $40\mathrm{.}00\%$ enter $40\mathrm{.}00$ not $0\mathrm{.}4$ not $40$

Numeric Response