Question: Bastion Technology: U.S. Dollar-Based Investors (B). Use the same data, but assume an exchange rate which began at $1.8160/£ in June 2008, and then consistently appreciated versus the U.S. dollar 3.0% per year for the entire period. Calculate the annual average total return (including dividends) to a U.S. dollar-based investor holding the shares for the entire period shown. What is the average return, including dividend distributions, to a U.S. dollar-based investor for the period shown?