Question
An investor in England purchased a 91-day T-bill (face value $1000) for $987.65. At that time, the exchange rate was $1.75 per pound. At maturity,
An investor in England purchased a 91-day T-bill (face value $1000) for $987.65. At that time, the exchange rate was $1.75 per pound. At maturity, the exchange rate was $1.83 per pound. What was the investors holding period return in pounds?
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Quantitative Finance: An Object-Oriented Approach In C++
Authors: Erik Schlogl, Dilip B. Madan
1st Edition
1584884797, 978-1584884798
