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The yield on a 1-year bill in the UK. is 8%, and the present exchange rate is 1 pound = U.S. $160. If you expect

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The yield on a 1-year bill in the UK. is 8%, and the present exchange rate is 1 pound = U.S. $160. If you expect the exchange rate to be 1 pound U.S. $1.50 a year from now, the return a US investor can expect to earn by investing in UK, bills is Multiple Choice 0% O. 1.25% None of the options are correct. 8%

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