Question
Assume the current U.S. Dollar-British spot rate is $1.4300/. If the current nominal one-year interest rate in the U.S. is 5% and the comparable rate
Assume the current U.S. Dollar-British spot rate is $1.4300/. If the current nominal one-year interest rate in the U.S. is 5% and the comparable rate in Britain is 6%, what is the approximate forward exchange rate for 360 days?
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett
4th Edition
0077262379, 978-0077262372
