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Suppose a US investor has $100 to invest for a year and he's wondering to...

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Finance

Suppose a US investor has $100 to invest for a year and he's wondering to invest oversea. The annual interest rate is 6% per annum in France (oversea). The spot exchange rate is 0.99 per dollar and the one-year forward exchange rate is 1.01 per dollar. The investor does not wish to bear any exchange risk. Compute his annual HPR return. Enter percent, round to 2 decimal places. For example, if decimal form is 0.12345 then this is 12.345% so input 12.35.

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