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Business, 28.11.2019 22:31 cammie505

Suppose that you buy, and one year later sell, a foreign (british) bond under the following circumstances: when you buy the bond the exchange rate is $2.00 = pound1. you pay pound45 ($90) for the british bond. you sell the bond for pound50. no interest payment was expected or received. when you sell the bond, the exchange rate is $1.50 = pound1.
what is your gain or loss in dollars $

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