Estimate the dollar-equivalent or adjusted rate of return, Corporate Finance

In January 2009 you bought a German stock portfolio for 6,000,000 Euros and sold it in December 2009 for 7,000,000 Euros.  Assume that over the same period the dollar's exchange rate in Euros moved from $1.25 per EU to $1.38 per EU.  Estimate the dollar-equivalent or adjusted rate of return you realized on this German stock portfolio.

ANSWER: Dollar Equivalent (or adjusted) Rate of Return: _________________

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