Question
During the year, the price of British gilts (government bonds) went from 102 to 106, while paying a coupon of 9. At the same time,
During the year, the price of British gilts (government bonds) went from 102 to 106, while paying a coupon of 9. At the same time, the exchange rate went from 1:$1.40 to 1:$1.25. What was the total dollar return, in percent, on gilts for the year?
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Public Finance
Authors: Richard W. Tresch
2nd Edition
0126990514, 978-0126990515
