Calculate the rate of return, Financial Management

Assignment Help:

A Life Insurance Company invested $10,000,000 in pure-discount U.S. bonds in May 1995 while the exchange rate was 80 yen per dollar. The insurance company liquidated the investment one year later for $10,650,000. The exchange rate turned out to be 110 yen per dollar at the time of liquidation. Calculate the rate of return did Life realize on this investment in yen terms?

Solution: Life Insurance Company spent ¥800,000,000 to buy $10,000,000 which was invested in U.S. bonds. The liquidation value of this investment is ¥1,171,500,000 that is acquired from multiplying $10,650,000 by ¥110/$. The rate of return in terms of yen is:

   [(¥1,171,500,000 - ¥800,000,000)/ ¥800,000,000]x100 = 46.44%.


Related Discussions:- Calculate the rate of return

Describe the general pattern of cash flows, Describe the general pattern of...

Describe the general pattern of cash flows from a bond with a positive coupon rate. Cash flows as of a bond with a positive coupon rate consist of periodic interest payments an

Takeover risk, If the issuer company is taken over, then the bondhold...

If the issuer company is taken over, then the bondholders are likely to suffer. It is due to lowering of the stock prices in the market as a post takeover effect.

Sources of funds, What are sources of funds for an assignment?

What are sources of funds for an assignment?

ANY, need to understand some basics of changes in working capital

need to understand some basics of changes in working capital

Future arbitrage, A futures contract is a contract to purchase (and sell) a...

A futures contract is a contract to purchase (and sell) a particular asset at a fixed price in a future time period. There are two parties for every futures contract - the seller o

Determine net present value according to ezra solomon, Determine Net presen...

Determine Net present value according to Ezra Solomon " The gross present worth of a course of action is equal to the capitalised value of the flow of future expected benefit,

Explain the political events in a host country, Discuss the different ways ...

Discuss the different ways political events in a host country may affect local operations of an MNC. Answer:  The answer can be organized based on the three types of political ri

Leveraged buyout (lbo), Leveraged Buyout (LBO) Acquisition of an organi...

Leveraged Buyout (LBO) Acquisition of an organization through the accumulation of 70 % or more of the organizations total capitalized debt.

Hy would a borrower be willing to pay and a lender demand, Would there be p...

Would there be positive interest rates on bonds in a world with absolutely no risk no default risk, maturity risk, and so on? Why would a, borrower be willing to pay and a lender d

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd