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 $1.13. Your investment did very well and earned 8.4%. At the end of your investment horizon, the exchange rate is now $1.18 Euro/USD. 

What is your domestic return?

Answer rating: 100% (QA)

To calculate your domestic return we need to convert t... View the full answer