Li bought GBP denominated bond when the exchange rate was .80 GBP to a dollar....
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Li bought GBP denominated bond when the exchange rate was .80 GBP to a dollar. He paid 10,281 dollars for the bond. At the end of the year, the bond was worth 10,200 GBP and he received 500 GBP in interest and the exchange rate was .92 GBP to a dollar. What was his holding period return in U.S. dollars?
11.13%
12.13%
13.13%
14.13%
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