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your client has been offered money market SECURITY with par value 1000$ in one year in UK. the current price on market is 936 £. the current exchange rate (S0) is 1.50 $/£. You also know that one year from now the exchange rate will be at 1.36 $/£.

What is the effective yield of this security if your client holds the bound until maturity ? ( show work please )

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92847271

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