1. When the Swiss Franc (CHF) is being quoted at CHF1.0395/$, and the Euro is being quoted at $1.0625/€, the cross-rate for Swiss Francs per Euro (CHF/€) will be quoted as:
2. A U.S. based investor purchased 100 shares of Brazilian mining giant Vale (VALE) for R$28.25 and sold them a year later for R$29.01. At the time of purchase, the Brazilian Real was trading at R$2.5175 per U.S. dollar and at the time of the sale of the VALE shares the Brazilian Real was trading at R$2.5086 per U.S. dollar. Calculate the U.S. dollar-based percentage return earned by the investor.