How to solve this problem? Help please. Right answer included.

Open Posted By: christeena Date: 18/10/2020 Academic Level: High School Paper Type: Dissertation & Thesis Writing

Question Description

The expected simple return to a U.S. resident from putting funds into a Canadian dollar deposit yielding a simple annual nominal return of 32% while the U.S. dollar is expected to depreciate by a 4% simple rate over the year would be?

Answer: 37.5%

Category: Arts & Education Subjects: History Deadline: 12 Hours Budget: $70 - $105 Pages: 2-3 Pages (Short Assignment)