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The spot rate is 110 per dollar. Assume that speculator buys 10,000 today and invests the amount in a yen denominated bond. The interest rate

The spot rate is 110 per dollar. Assume that speculator buys 10,000 today and invests the amount in a yen denominated bond. The interest rate earned is 1%. One year later the spot rate turns out to be 105. What is the rate of return earned by the speculator?

		4.95%
		5.25%
		5.81%
		5.95%

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