problem 22

F U UU UUU UU UUUUUpouum JICIU U U Japanese government security is 2.21%. 22. Assume the current spot price of the South African rand is $0.0995 and the one-year forward price is $0.0997. If the riskless annual dollar interest rate is 5%, what is the implied riskless annual rand interest rate? 23. Challenge Problem: Suppose that you are planning a trip to England. The trip is a year from now, and you have reserved a hotel room in London at a price of 50 per