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Assume the following information: U.S. investors have 128207 to invest: 1-year deposit rate offered on U.S. dollars = {dollar1} 1-year deposit rate offered on Singapore
Assume the following information:
U.S. investors have 128207 to invest:
1-year deposit rate offered on U.S. dollars | = | {dollar1} |
1-year deposit rate offered on Singapore dollars | = | 0.9 |
1-year forward rate of Singapore dollars | = | 0.6 |
Spot rate of Singapore dollar | = | 0.7 |
Given this information: What is the covered interest rate parties?
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