Strange behavior with strings

Questions & Help Questions
1

Is this the expected behavior for strings?

def rec_text do
    # content of rec.txt
    s = "ALTITUDE ENTERPRISES INT’L"
    a = File.read!("rec.txt")

    {a, s}
  end

# Output
> X.rec_text
{"ALTITUDE ENTERPRISES INTÔÇÖL", "ALTITUDE ENTERPRISES INTÔÇÖL"}

# pasted directly into IEx it outputs correctly as expected
> "ALTITUDE ENTERPRISES INT’L"
"ALTITUDE ENTERPRISES INT'L"
>

No clue why this is happening.