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Suppose the US interest rate is 3 % per annum. The - $ exchange rate in spot market is 8 0 and in 3 -

Suppose the US interest rate is 3% per annum.
The -$ exchange rate in spot market is 80 and in 3- month forward market is 81. What is the per annum return on US bond in rupee terms?
A.4.25%
B.8%
C.1.75%
D.-2%

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