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England purchases a 91-day t-bill for $987.65.

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Question

an investor in England purchases a 91-day t-bill for $987.65. at that time, the rate was $1.75 per pound. At maturity, the exchange rate was $1.83 per pound. what was the investor's holding period return in British Pounds?

 

Paper#22652 | Written in 18-Jul-2015

Price : $22
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