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Suppose that you buy, and one year later sell, a foreign ( British ) bond under the following circumstances: When you buy the bond the
Suppose that you buy, and one year later sell, a foreign British bond under the following circumstances:
When you buy the bond the exchange rate is $
You pay $ for the British bond.
You sell the bond for No interest payment was expected or received
When you sell the bond, the exchange rate is $
What is your gain or loss in dollars? $ Round your response to the nearest penny and include a minus sign for a loss.
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