If interest rates are higher in London than New York by 2.5 per cent p.a. and todays
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If interest rates are higher in London than New York by 2.5 per cent p.a. and today’s spot rate is $1.4455 vs. £1 what would you expect the three-month forward quotation to be if IRP applied?
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Sinmon Warui Kamau
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Related Book For 
Corporate Finance And Investment Decisions And Strategies
ISBN: 9780273695615
5th Edition
Authors: Richard Pike, Bill Neale
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