A GERMAN INVESTOR HAS DM100,000 TO INVEST FOR ONE YEAR. U.S. TREA...

209. A German investor has DM100,000 to invest for one year. U.S. Treasury bills offer a yield of 11 percent. The current exchange rate of the mark is $0.50. What is the yield on the investment if the exchange rate of the mark is $0.46 at the end of the year? a. 10.25% b. 12.55% c. 15.00% d. 20.65% e. 25.00%