Question 11 Assume the spot rate of the British pound is $1.80. The expected spot rate 1 year from now is assumed to be $1.70. This reflects % depreciation. O 13.89 O 19.44 O 5.56 8.33 22.22 O 16.67 O 2.78 O 11.11 Question 12 Observe the following movement in the value of Swiss Franc: Year Value 2012 $1.20 2013 $1.15 2014 $1.20 2015 $1.15 2016 $1.20 2017 $1.15 2018 $1.20 The standard deviation of annual changes is %