鸡同学2024-01-22 10:08:02

前两题我回答的时候没有列出解析里的公式，但还是把这些return的关系说明了一下可以吗？1. USD is depreciated. The return in GBP is 15% that is lower than 19.5% denominated in USD. It means extra return is realized in currency conversion due to depreciation in USD. 2. The foreign-currency return is negative. Since EUR appreciated 5% relative to USD and portfolio B holds assets denominated in EUR, the portfolio return in USD is supposed to be at least 5% if foreign-currency return is not negative. However, the actual return in USD is 0%, which indicates negative return in foreign currency.