You purchase 5 contracts of Japanese Yen, invest your Yen in Japanesegovernment bonds yielding 3.2% (annually) for half a year, and then convert your currency back to USD at Yen 259 -- 280 /USD. How many dollars do you have after your investment, if you know that one contract is for 62,500 Yen?
Provide your answer in USD rounded to the nearest integer.

Answer rating: 100% (QA)

Solution We are purchasing 5 contracts of HUF where each contract is equal to 62500 HUF Thus the tot... View the full answer