The current exchange rate is 0.92 per U.S. dollar, but you think that U.S. dollar...
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The current exchange rate is 0.92 per U.S. dollar, but you think that U.S. dollar will appreciate to 0.95 per U.S. dollar. If you know the euro-denominated bond is yielding 3%, what return would you expect in U.S. dollars?
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