P$6\mathrm{.}15**$ George Robbins considers himself an aggressive investor. He$$s thinking about investing in some foreign securities and is looking at stocks in $(1)$ Bayer AG$,$ the big German chemical and health$-$care firm; and $(2)$ Swisscom AG$,$ the Swiss telecommunications company. Bayer AG$,$ which trades on the Frankfurt Exchange, is currently priced at $53\mathrm{.}25$ euros per share. It pays annual dividends of $1\mathrm{.}50$ euros per share. Robbins expects the stock to climb to $60\mathrm{.}00$ euros per share over the next $12$ months. The current exchange rate is $0\mathrm{.}9025/$US$$,$ but that$$s expected to rise to $1\mathrm{.}015/$US$$.$ The other company, Swisscom, trades on the Zurich Exchange and is currently priced at $71\mathrm{.}5$ Swiss francs $($Sf$)$ per share. The stock pays annual dividends of $1\mathrm{.}5$ Sf per share. Its share price is expected to go up to $76\mathrm{.}0$ Sf within a year. At current exchange rates, $1$ Sf is worth $$0\mathrm{.}75$ U$.$S$.,$ but that$$s expected to go to $$0\mathrm{.}85$ by the end of the one$-$year holding period. a$.$ Ignoring the currency effect, which of the two stocks promises the higher total return $($in its local currency$)?$ Based on this information, which looks like the better investment? b$.$ Which of the two stocks has the better total return in U$.$S$.$ dollars? Did currency exchange rates affect their returns in any way? Do you still want to stick with the same stock you selected in part a$?$ Explain.