Our investment forward contract. Th manager hedges a portfolio of German Government bonds with a 3-month e current spot rate is Euros .94/USS and the 90-day forward rate is Euros STuAt the end of the 3 month period, the German Government bonds have risen in value by 3.00% (in Euro terms) and the spot rate is now Euros .85/US$. A.) If the Bonds earn interest at the annual rate of 4.00%, paid quarterly, what is the nt manager's total USS return on the hedged German Government bonds? B. )What would the return on the German bonds have been without hedging