Multiple Choice
Assume an investor purchases a Euro-denominated bond when the Euro is quoted at $0.96 per Euro and sells the bond when the Euro is quoted at $1.12 per Euro. Relative to the dollar, the Euro has:
A) appreciated, and the investor has gained from the currency move.
B) appreciated, and the investor has lost from the currency move.
C) depreciated, and the investor has gained from the currency move.
D) depreciated, and the investor has lost from the currency move.
Correct Answer:
Verified
Correct Answer:
Verified
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