The current exchange rate is 0.93 euros per dollar, but you believe the dollar will decline to

Question:

The current exchange rate is 0.93 euros per dollar, but you believe the dollar will decline to 0.85 euros per dollar. If a euro-denominated bond is yielding 2%, what return do you expect in U.S. dollars?

Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...