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What the expect net return on discount bill expressed

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Reference no: EM132942276

Problem 1: You can purchase a 30,000 Egyptian pound pure discount bill that matures in 1 year for 28,000 Egyptian pounds. The Egyptian Pound is currently trading at .005 Swiss Francs and is expected to rise to .0055 Swiss Francs in a year's time. The expect net return on this discount bill expressed in Swiss Francs is _____% (Round to the nearest 2 decimal points; e.g., 6.894921 is 6.89)

Reference no: EM132942276

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