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Question
A U.S. investor purchased a $100,000 Canadian dollar CD 180 days ago at a rate of 7 percent. The Canadian spot rate was 1.367 C$/U.S.$ when the investment was made. The U.S. dollar cost of the investment was ________ and the total amount of Canadian investment was _________ C$ after 180 days?a. 136,700; 107,000
b. $100,000; 107,000
c. $73,153; 103,500
d. $136,700; 103,500
Answer
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