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Your client has been offered a money market security with a par value 1000 that matures in one year in the UK market. The current
Your client has been offered a money market security with a par value 1000 that matures in one year in the UK market. The current price on the market is 966 The current exchange rate (So) is 1.47 $/E You also know that one year from now the exchange rate will be at 1.52 S/ What is the effective yield of this security if your client holds the bond until maturity? For example, if you find that effective interest rate is 5 28 percent, type "5.28" in the box
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