Business
Business, 18.02.2021 21:50, tylerwoodson

The spot exchange rate is $1.50 per pound. The interest rates in US and UK are 1% and 3% respectively. An investor borrows $1000 US dollars, converts the amount into pounds and invests in a pound denominated bond. How many pounds does the investor will have at the end of the year

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The spot exchange rate is $1.50 per pound. The interest rates in US and UK are 1% and 3% respectivel...

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