EBK INVESTMENTS
EBK INVESTMENTS
11th Edition
ISBN: 9781259357480
Author: Bodie
Publisher: MCGRAW HILL BOOK COMPANY
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Chapter 23, Problem 4CP
Summary Introduction

To calculate: Holding period return of the U.S dollar that is recommended by Hamson and also determine whether the U.S. dollar holding-period return resulting from the transaction in U.S. or not.

Introduction: The holding period of U.S dollar is calculated by the rate parity equation. This equation says that holding period must be null.

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