From the perspective of investing institutions, the most attractive foreign bonds offer a ____ and are denominated in a currency that ____ over the investment horizon.

Question

Quizplus · Accepted Answer

From an investing institution's perspective, the most attractive foreign bonds would offer a high yield (to maximize returns) and be denominated in a currency that appreciates over the investment horizon (to gain from currency appreciation in addition to the yield).

From the Perspective of Investing Institutions, the Most Attractive Foreign