Assume that you are a U.S. investor who is considering investments in the German (Stocks A and B) and British (Stocks C and D) stock markets. The world market risk premium is 4.5%. The currency risk premium on the euro is 1%, and the currency risk premium on the pound is - 1%. In the United States, the interest rate on one-year risk-free bonds is 4%. In addition, you are provided with the following information: Stock A B C D Country Germany Germany United Kingdom United Kingdom b w 1.5 0.90 1 1.5 g € 1 0.80 - 0.25 1.0 g £ - 0.25 0.75 1.0 - 0.5 Which stock has the largest expected return? The U.S. dollar is the base currency.