Multiple Choice
Assume that the interest rate in a foreign country is 7% and that the foreign currency is expected to depreciate by 3% during the year.For each dollar that a U.S.resident invests in foreign bonds,he / she can expect to get back an approximate total of
A) $) 93.
B) $) 96.
C) $1.04.
D) $1.07.
E) $1.10.
Correct Answer:
Verified
Correct Answer:
Verified
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