Question
A U.S. portfolio manager invests USD 1,000,000 in U.K. for a year and earns 17% on the investment while the spot rate moves from USD1.5000/GBP
A U.S. portfolio manager invests USD 1,000,000 in U.K. for a year and earns 17% on the investment while the spot rate moves from USD1.5000/GBP to USD1.5645/GBP. What is her total return?
| 14.73% | ||
| 15.50% | ||
| 18.90% | ||
| 4.88% | ||
| 22.03% |
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Entrepreneurial Finance
Authors: Steven Rogers
4th Edition
1260461440, 978-1260461442
