Interest Rate Parity The spot rate between the U.S. dollar and the New Zealand dollar is $1
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Interest Rate Parity The spot rate between the U.S. dollar and the New Zealand dollar is $1 = NZD1.3348. If the interest rate in the United States is 6 percent and in New Zealand is 4 percent, then what should be the 3-month forward exchange rate? (LG5)
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Related Book For 
Finance Applications And Theory
ISBN: 9780073530673
2nd Edition
Authors: Marcia Cornett, Troy Adair, John Nofsinger
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