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You bought a yen-denominated corporate bond at the beginning of the year for 100,000. The...

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Finance

You bought a yen-denominated corporate bond at the beginning of the year for 100,000. The bond paid 3 percent annual interest and was trading for 110,000 at year-end. The exchange rate was $1 = 100 at the beginning of the year and $1 = 97 at year-end. What would be your U.S. dollar holding return on the bond?

3.09%

6.09%

13%

16.49%

30%

None of the above.

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