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Our investment manager hedges a portfolio of German forward contract. The current Government bonds with a J.month spot rate is Euros 94/USs and the 90-day

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Our investment manager hedges a portfolio of German forward contract. The current Government bonds with a J.month spot rate is Euros 94/USs and the 90-day forward rate is Euros 3.00% (in Euro terms) and the spot rate is now Euros RSUSS. month period, the German Government bonds have risen in value by what is the A.) If the Bonds earn interest at the annual rate of 400%, paid quarterly, nvestment manager's total USS return on the hedged German Government bonds? B.) What would the return on the German bonds have been without hedging

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