Consider the following table of exchange rates and one-year interest rates 1999 2000 US dollars per EURO Euro-area interest rates US interest rates 1.04 3.5% 5.5% 0.93 4.5% 6.5% For a US investor, what was the expected return from investing in euros between 1999 and 2000 if markets are in equilibrium? What was the effective return in 2000? Consider the following table of exchange rates and one-year interest rates 1999 2000 US dollars per EURO Euro-area interest rates US interest rates 1.04 3.5% 5.5% 0.93 4.5% 6.5% For a US investor, what was the expected return from investing in euros between 1999 and 2000 if markets are in equilibrium? What was the effective return in 2000