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Given the following information for a 90 day contract: US Dollars FC Value Today 3,750 5,000 Interest Rate 4% 7% 3 months interest 37.50 87.50

Given the following information for a 90 day contract: US Dollars FC Value Today 3,750 5,000 Interest Rate 4% 7% 3 months interest 37.50 87.50 Value in 3 months ?? ?? The spot rate today is 1 FC = .75 What will be the forward rate? Question 15Select one: a. 1FC = .57 US Dollars b. 1FC = .70 US Dollars c. 1FC = .745 US Dollars d. 1FC = .75 US Dollars

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