plz provide me how did u get the answer 2. what was the dollar return on investm
ID: 2708380 • Letter: P
Question
plz provide me how did u get the answer
2. what was the dollar return on investment in a yen dominiated asset that yielded 10%(in yen), while the yen depreciated by 8.5% over period?
a)1.5
b)-1.5
c)0.65%
d)-0.65%
3. Suppose that the 30day london interbank offer rate is 6%(all rates are stated on an annualized basis). What is the effective annual rate for payment on a new $1million loan with 2% origination fees and monthly payment?
a)5000
b)6.10%
c)6%
d)6.12%
e)0.51%
Explanation / Answer
2) (1+0.1)*(1-0.085)-1 = 0.0065 = 0.65 %
ans is c
3) (1+ 6/1200)^12 -1 = 0.06167 = 6.167 %
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