You Are Expecting a Payment of C$100,000 Four Years from Now.The

question 83

Multiple Choice

You are expecting a payment of C$100,000 four years from now.The risk-free rate of return is 3 percent in the U.S.and 4 percent in Canada.The inflation rate is 3 percent in the U.S.and 2 percent in Canada.Assume the current exchange rate is C$1 = $.98.How much will the payment four years from now be worth in U.S.dollars?

• A)$98,887
• B)$94,176
• C)$99,300
• D)$106,184
• E)$98,059

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