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Submitted 62 days ago...

Earplug334

Earplug334

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I would like to calculate the percentage return...

Example: Recently purchased 10m worth of euro denominated one-year CDs paying 10% interest annually with a current spot rate of (for example) 1.30/$. How do I calculate the return if the dollar appreciates relative to the euro such that the spot rate at the end of the year is 1.20/$?

 
 
 
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