Assume That the Interest Rate in a Foreign Country Is

question 61

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.

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