Q4. Based on your answers to questions 2 and 3, given perfect hindsight about interest rates and exchange rate changes during the assigned time period you should have: Invested/ borrowed (choose one) in the US and invested / borrowed (choose one) in foreign country.

Q2. During the assigned period, what was the average uncovered rate of return from the US viewpoint for the foreign country? 2.79%

Q3. During the assigned period, what was the average uncovered rate of return from the foreign country's viewpoint? 8.74%