Question
You are purchasing 5 contracts of Hungarian Forints (HUF) and invest your HUF in Hungarian government bonds yielding 3.2% (annually) for half a year, and
You are purchasing 5 contracts of Hungarian Forints (HUF) and invest your HUF in Hungarian government bonds yielding 3.2% (annually) for half a year, and then converting your currency back to USD at HUF 259 --268 /USD. How many dollars do you have after your investment, if you know that one contract is for 62,500 HUF?
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Navigating The Investment Minefield A Practical Guide To Avoiding Mistakes Biases And Traps
Authors: H. Kent Baker , Vesa Puttonen
1st Edition
1787690563,1787690539
