Would like to verify my answer = (-5.02); Thank you Suppose 6 months ago a Swiss investor
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Would like to verify my answer = (-5.02); Thank you
Suppose 6 months ago a Swiss investor bought a 6-month U.S. Treasury bill at a price of $9,708.74, with a maturity value of $10,000. The exchange rate at that time was 1.4200 Swiss francs per dollar. Today, at maturity, the exchange rate is 1.3440 Swiss francs per dollar. What is the nominal annual rate of return to the Swiss investor?
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