An investor in England purchased a 91-day T-bill for $987.65 whose par value is $1000. At that time, the exchange rate w
Posted: Tue Jan 18, 2022 1:01 pm
An investor in England purchased a 91-day T-bill for $987.65
whose par value is $1000. At that time, the exchange rate was $1.75
per GBP. At maturity, the exchange rate was $1.83 per GBP. What is
the investor’s holding period return in pounds?
whose par value is $1000. At that time, the exchange rate was $1.75
per GBP. At maturity, the exchange rate was $1.83 per GBP. What is
the investor’s holding period return in pounds?