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1- If today's USD/TRY exchange rate is 18.61, one-year interest rate for TRY (Turkish Lira) is 40% and for USD (American Dollar) is 596 ,

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1- If today's USD/TRY exchange rate is 18.61, one-year interest rate for TRY (Turkish Lira) is 40% and for USD (American Dollar) is 596 , according to covered interest rate parity, what should be the one-year USDITRY forward rate? a) 18.61 b) 26.54 c) 23.00 d) 25,00 e) 24.81 Bos birak

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