Li bought GBP denominated bond when the exchange rate was .80 GBP to a dollar....
50.1K
Verified Solution
Link Copied!
Question
Finance
Li bought GBP denominated bond when the exchange rate was .80 GBP to a dollar. He paid 10,281 dollars for the bond. At the end of the year, the bond was worth 10,200 GBP and he received 500 GBP in interest and the exchange rate was .92 GBP to a dollar. What was his holding period return in U.S. dollars?
11.13%
12.13%
13.13%
14.13%
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
