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You Are Expecting a Payment of 800,000PLN 2 Years from Now

Question 97

Multiple Choice

You are expecting a payment of 800,000PLN 2 years from now. The risk-free rate of return is 4.5 percent in Canada and 3 percent in Poland. Currently, you can buy 323PLN for $100. How much will
The payment 2 years from now be worth in Canadian dollars?


A) $244,018
B) $246,009
C) $247,678
D) $255,279
E) $256,142

Correct Answer:

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