One year ago, an American investor bought 1000 shares of London Bridges at a price of £34 (or 34 UK pounds) per share when the exchange rate was $1.3/1£ (or $1.30 dollars = 1 pound). The investor also invested 3,000,000 Japanese Yen in a money market fund in Japan last year when the exchange rate was 110 Yen = $ 1 US. (a) Using current exchange rates, what is today’s value of the investor’s portfolio in U.S. dollars if the UK investment decreased 10% (in local currency) and the Japan investment increased 2% (in local currency)? (b) What is the overall rate of return on the portfolio over the last year?