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yield on a 1-year bill in the U.K. is 10% present exchange rate is 1 pound = U.S 1.6 1-year forward rate is 1 pound

yield on a 1-year bill in the U.K. is 10%
present exchange rate is 1 pound = U.S 1.6
1-year forward rate is 1 pound 1.63
the return a U.S. investor can expect to earn by investing in U.K. bills is
Answers:

13.24%

12.06%

14.16%

11.86

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