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Assume that the interest rate on a year home bank interest is 19% while the interest rate on a year foreign bank deposit is 24%.Compute
Assume that the interest rate on a year home bank interest is 19% while the interest rate on a year foreign bank deposit is 24%.Compute the percentage change in the value of the foreign currency according to IFE and given a spot rate of Tsh 1= Ksh 0.06. Calculate the forward rate of Tsh after one year
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