An investor in England purchased a 91-day T-bill for $987.65. At that time, the exchange rate was $1.75 per pound. At maturity, the exchange rate was $1.83 per pound. What was the investor's holding period return in British Pounds?© BrainMass Inc. brainmass.com December 20, 2018, 4:43 am ad1c9bdddf
Solution is attached in MS Excel Format as well.
This solution describes the steps to calculate holding period return in the given case.