Question:

An investor in England purchased a 91-day T-bill for $987.65. At that time, the exchange rate was $1.55 per pound. At maturity, the exchange rate was $1.93 per pound. What was the investor's holding period return in pounds?

Select one:

a.-1,25 %

b.-18,7 %

c.1,23 %

d.18,7 %

e.1,25 %