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Please show detailed solution using Excel. Thank you. If the ratio between direct quote of forward divided by spot exchange rates of US $ over
Please show detailed solution using Excel. Thank you.
If the ratio between direct quote of forward divided by spot exchange rates of US $ over Mexican Peso is 0.95 and the interest rate in the US is 4%, then the interest rate in Mexico is expected to be: A) -1.2% B) 6.3% C) 7.4% D) 8.2% E) 9.5%Step by Step Solution
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
6th International Edition
0071229035, 978-0071229036
