Assume the Canadian dollar rose from US$0.9475 to US$0.9875. A client owns an investment that pays 6% interest in US dollars. What is the client's addition rate of return in US dollars?   4.05%   0.00%   1.78%   4.22%

Fundamentals Of Financial Management, Concise Edition (mindtap Course List)
10th Edition
ISBN:9781337902571
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Eugene F. Brigham, Joel F. Houston
Chapter17: Multinational Financial Management
Section: Chapter Questions
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Assume the Canadian dollar rose from US$0.9475 to US$0.9875. A client owns an investment that pays 6% interest in US dollars. What is the client's addition rate of return in US dollars?

 

4.05%

 

0.00%

 

1.78%

 

4.22%

 

 

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