Moving to another question will save this response. Question 15 CLO4] From the investor's perspective, the exchange rate risk of international bonds is the potential for the value of bonds to decline because the currency denominating the bond appreciates against the home currency. the potential for the value of bonds to decline because the currency denominating the bond depreciates against the home currency. the potential for the value of bonds to decline because there is not a consistently active market for the bonds. the potential for the value of bonds to decline in response to rising long-term interest rates