4. The current exchange rate is 0.93 euro per dollar, but you believe the dollar will decline...
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4. The current exchange rate is 0.93 euro per dollar, but you believe the dollar will decline to 0.85 euro per dollar. If a euro-denominated bond is yielding 2%, what return do you expect in US dollars?
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Related Book For 
Financial Markets and Institutions
ISBN: 978-0321280299
5th edition
Authors: Frederic S. Mishkin, Stanley G. Eakins
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