You Are Expecting a Payment of 450,000PLN Three Years from Now.The

question 14

Multiple Choice

You are expecting a payment of 450,000PLN three years from now.The risk-free rate of return is 3 percent in the U.S.and 4 percent in Poland.The inflation rate is 2.5percent in the U.S.and 3 percent in Poland.Currently,you can buy 277PLN for 100USD.How much will the payment three years from now be worth in U.S.dollars?

• A)$154,751
• B)$157,677
• C)$219,511
• D)$1,317,269
• E)$1,369,888

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