3 Assume that the one-year forward rate is used as the forecast of the future spot rate....
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3 Assume that the one-year forward rate is used as the forecast of the future spot rate. The Malaysian ringgit’s spot rate is £0.12, while its one-year forward rate is £0.11. The Malaysian one-year interest rate is 11%. What is the expected effective yield on a oneyear deposit in Malaysia by a UK firm?
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