So there is this official problem that looks kind of way too long for a typical CFA problem or maybe I am too tired/dumb to get a hold of it.
The problem asks for highest returns on various portfolios. The right choice involved hedging the currency that is not expected to appreciate/depreciate against the other one. Then it moves to calculating returns on the bond in six months and so and so. It is IMO way too long and seems that it is not properly covered in the actual reading. I would appreciate if someone could shed some light here.