Question
If the ratio between forward divided by spot exchange rates of a direct quote for US $ over Mexican Peso is 0.95 and the interest
If the ratio between forward divided by spot exchange rates of a direct quote for US $ over Mexican Peso is 0.95 and the interest rate in the US is 4%, then the rate in Mexico is expected to be approximately?
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Essentials of Managerial Finance
Authors: Scott Besley, Eugene F. Brigham
14th edition
324422709, 324422702, 978-0324422702
