Question
(2) The spot USD/GBP exchange rate is 1.1832 dollars per pound, the 6-month forward FX rate is 1.1654 and the 6-month USD annual interest rate
(2) The spot USD/GBP exchange rate is 1.1832 dollars per pound, the 6-month forward FX rate is 1.1654 and the 6-month USD annual interest rate is 0.8%. What is the 6-month British interest rate (all compounding is continuous)?
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Understanding Government Finance
Authors: Brian Romanchuk
1st Edition
0994748051, 9780994748058
