Amanda purchased stock in a German firm at a price per share of 35 euros when the U.S. $/euro exchange rate was $1.20. After six months, Ann sold the stock for 37 euros when the U.S. $/euro exchange rate was $1.10. The stock does not pay a dividend. What is Ann's rate of return on this investment?
◦ 3.31%
◦ -3.10%
◦ 5.7%
◦ 9.2%