Question
Assume that the forward rate is used to forecast the spot rate. The forward rate of the Canadian dollar contains a 6% premium. Today's spot
Assume that the forward rate is used to forecast the spot rate. The forward rate of the Canadian dollar contains a 6% premium. Today's spot rate of the Canadian dollar is $.80. The spot rate forecasted for one year ahead is:
| $0.860 | ||
| $0.848 | ||
| $0.740 | ||
| $0.752 | ||
| none of the above |
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Fatal Numbers Why Count On Chance
Authors: Hans Magnus Enzensberger ,Karen Leeder
1st Edition
1935830015, 978-1935830016
