You bought a yen-denominated corporate bond at the beginning of the year for 100,000. The...
80.2K
Verified Solution
Link Copied!
Question
Finance
You bought a yen-denominated corporate bond at the beginning of the year for 100,000. The bond paid 3 percent annual interest and was trading for 110,000 at year-end. The exchange rate was $1 = 100 at the beginning of the year and $1 = 97 at year-end. What would be your U.S. dollar holding return on the bond?
| 3.09% | ||
| 6.09% | ||
| 13% | ||
| 16.49% | ||
| 30% | ||
| None of the above. |
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.