Question
Q3 You have $500 CDN to invest for one year in either a CDN bank or a German Bank using the following data show all
Q3 You have $500 CDN to invest for one year in either a CDN bank or a German Bank using the following data show all calculations and answer the following questions. Exchange rates CDN /Euro today (0.6928) One year forward (0.6950). What is the best investment? Interest rate Canada 6% per annum Interest Rate Germany 4% per annum a) What is the return on CDN Bank (2Marks) b) What is the return on German Bank (3Marks)
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Advanced Financial Accounting
Authors: Richard Lewis, David Pendrill
7th Edition
0273658492, 978-0273658498
