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If the spot rate is 4.85TL/EUR, whereas the interest yield on Turkish T-bills is 10% while the EUR interest is 0,40% a. What is the

If the spot rate is 4.85TL/EUR, whereas the interest yield on Turkish T-bills is 10% while the EUR interest is 0,40% a. What is the expected rate one year ahead? b. What is the amount of the depreciation in TL? c. If you engage in a forward aggreement with ABC Bank which promises to either buy or sell EUR at a rate oof 5,28 TL/EUR,, how can you arbitrage and what is the arbitrage return?

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