Chapter 6 Module (4): 10 marks As a Canadian Saver, you have $50,000 to invest in either of the described below. The world risk-free rate is 3%. There is no ri Canadian bond but a Brasilian bond has a risk-premium of 4% Cad-Brasilian exchange rate is ecan = 0.7 (Reals per Cad dollar] next period, you expect the Real to depreciate relative to the C exchange rate, efuture = 0.79. Your third alternative is to buy a c current nominal Cad-US exchange rate is ecAD = 0.75 ($ $ per C the condo to increase in resale value by 10% but you also fore to rise to ecAD =0.80. Based on your forecast, what is the expected rate of return (% investment (correct to one decimal place is fine)? For simplicit transaction costs. % return on Cad Bond: % return on Brasilian Bond: % return on Florida Condo: Show work below