Suppose the three-month savings rate of USD is 4.12%, the three-month lending rate of EUR is 2.02%,
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Question:
Suppose the three-month savings rate of USD is 4.12%, the three-month lending rate of EUR is 2.02%, the spot bid exchange rate is EUR/USD is 1.0568. What is the maximum of the future three-month spot ask exchange rate of EUR/USD?
(Note: Please round the answer to the nearest four decimal places.).
Related Book For
Spreadsheet Modeling & Decision Analysis A Practical Introduction to Management Science
ISBN: 978-0324656633
5th edition
Authors: Cliff T. Ragsdale
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