国投2015Pre作业格式表.docxVIP

第n组及组员姓名、班级、学号第一组 段可心 国贸2012-1 1265137117选题信息比如，Chapter 1 Foreign Exchange 第18题 (International Investments，Bruno Solnik，5e)题目考查点/主要知识点计算实际汇率/预期回报题目内容（英文，中文）4. A Canadian investor is considering the purchase of U.K. securities. The Current change rate is Can$1.46 per pound. Assume that the price level of a typical consumption basket in Canada is 1.46 times the price level of a typical consumption basket in the United Kingdom.a. Calculate the real exchange rate.b. One year later, price levels in Canada have risen 2 percent, while price levels in the c. Did the Canadian investor experience a change in the real exchange rate?13. Assume you are a U.S. investor who is considering investments in the French (Stocks A and B) and Swiss (Stocks C and D) stock markets. The world market risk premium is 6 percent. The currency risk premium on the Swiss franc is 1.25 percent, and the currency risk premium on the euro is 2 percent. The interest rate on one-year risk-free bonds is3.75percent in the United States. In addition, you are provided with the following information:Stock A B C DCountry France France Switzerland Switzerland?w 1 0.90 1 1.5γ€ 1 0.80 -0.25 -1.0γSFr-0.25 0.75 1.0 -0.5Calculate the expected return for each of stocks. The U.S.dollar is the base currency.b.Explain the differences in the expected returns of the four stocks in terms of ?w γ€,andγSFr.中文翻译：4.一个加拿大投资者考虑购买英国有价证券。当前的汇率是1.46加币每英镑。假设一个典型的消费篮子的价格水平在加拿大是英国的1.46倍。a.计算实际汇率。b.一年后加拿大的价格水平提升2%，英国价格水平提升4%，新的汇率是没1.4308加币换1英镑。新的实际汇率是什么？c.加拿大投资者是否体会到实际汇率变化？13.假如你是美国投资者考虑投资法国的股票A和股票B和瑞士的股票C和股票D。世界市场风险溢价是6%，瑞士法郎的通货风险溢价是1.25%，欧元的通货风险溢价是2%。美国每年的无风险利润是3.75%。此外你被提供给以下信息：股票 A B C D国家法国法国瑞士瑞士?w 1 0.90 1 1.5γ€ 1 0.80 -0.25 -1.0γSFr-