An investor has EUR 3 million to invest for one week from spot. He can either invest
Question:
An investor has EUR 3 million to invest for one week from spot.
He can either invest directly in euros at 4.9%, or he can invest in dollars at 4.5%. The following exchange rates are quoted to him:
EUR/USD spot: 0.9125/29 1 week: 1.2/1.1 What yield can he achieve if he invests via dollars?
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Muhammad Umair
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Related Book For 
Foreign Exchange And Money Markets Theory Practice And Risk Management
ISBN: 9780750650250
1st Edition
Authors: Bob Steiner
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