Question
Suppose 6 months ago a Swiss investor bought a 6-month U.S. Treasury bill at a price of $9,708.74, with a maturity value of $10,000. The
Suppose 6 months ago a Swiss investor bought a 6-month U.S. Treasury bill at a price of $9,708.74, with a maturity value of $10,000. The exchange rate at that time was 1.420 Swiss Francs per dollar. Today, at maturity, the exchange rate is 1.364 Swiss Francs per dollar. What was the annualized rate of return to the Swiss investor?
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Real Estate Finance
Authors: John P. Wiedemer
8th Edition
0324142900, 9780324142907
