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you bought a yen-denominated corporate bond at the beginning of the year for 100,000. The bond paid 3 percent annual interest and was trading for
you bought a yen-denominated corporate bond at the beginning of the year for 100,000. The bond paid 3 percent annual interest and was trading for 110,000 at year end. The exchange rate was $1-100 at the beginning of the year and $1=122 at year end. What was your U.S. dollar holding period return on the bond?
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