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What expect net return on discount bill expressed in euro

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Reference no: EM132942282

Problem 1: You can purchase a 500,000 Jamaican dollar pure discount bill that matures in 1 year for 450,000 Jamaican dollars. The Jamaican dollar is currently trading at .005 Euro and is expected to depreciate to .004 Euro in a year's time. The expect net return on this discount bill expressed in Euro is _____%?

Reference no: EM132942282

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