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please show step by step instructions in excel = $0.61/Sfr = $0.63/Sfr = 1% WA 17. The following information is provided to you: Spot exchange

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= $0.61/Sfr = $0.63/Sfr = 1% WA 17. The following information is provided to you: Spot exchange rate for Swiss franc One year forward rate for Swiss franc One year U.S. interest rate What is the one year interest rate for Swiss franc? A) -2.21% B) 1.67% C) 2.20% D) 4.33% E) 8.44%

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