Given the Following information: Current exchange rate $2/ Interest rate in UK 9% Investor in US has
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Question:
Given the Following information:
Current exchange rate $2/
Interest rate in UK 9%
Investor in US has $40,000
If sterling depreciated to $1.80/
a. What is the return on investment?
b. What if exchange rate did not change?
c. What if the exchange rate moved to $2.1/
Expert Answer:
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