Question
An exchange rate is $0.9000/FC and the six-month domestic and foreign risk-free interest rates are 8% and 6% (both expressed with continuous compounding). What is
An exchange rate is $0.9000/FC and the six-month domestic and foreign risk-free interest rates are 8% and 6% (both expressed with continuous compounding). What is the 12-monthfutures $/FC exchangerate?
0.9070
0.8177
0.9349
0.9182
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Basic Finance An Introduction to Financial Institutions Investments and Management
Authors: Herbert B. Mayo
10th edition
1111820635, 978-1111820633
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