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You bought a yen-denominated corporate bond at the beginning of the year for 100,000. The bond paid 3.5% annual interest and was trading for 120,000
You bought a yen-denominated corporate bond at the beginning of the year for 100,000. The bond paid 3.5% annual interest and was trading for 120,000 at year-end. The exchange rate was $1 = 100 at the beginning of the year and $1 = 95 at year-end. What holding period return, measured in U.S. dollars, did you earn on the bond?
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