Question: An investor in the United States bought a one-year Singapore security valued at 150,000 Singapore dollars. The U.S. dollar equivalent was $100,000. The Singapore security earned 15 percent during the year but the Singapore dollar depreciated 5 cents against the U.S. dollar during the same time period ($0.67/SD to $0.62/SD). After transferring the funds back to the United States, what was the investor's return on his $100,000? Determine the total ending value of the Singapore investment in Singapore dollars and then translate this value to U.S. dollars by multiplying by $0.62. Then compute the return on the $100,000.