Problem $9\mathrm{.}29($Deriving Forecasts from Forward Rates$)$ ahead and two years ahead, will the peso appreciate or depreciate from the end of year $1$ until the end of year $2?$

The one$-$year forward rate of the peso exhibit: lecause the Mexican interest rate the U$.$S$.$ one$-$year interest rate. The two$-$year forward rate of the peso exhibits because the Mexican interest rate $-$ Select$-,$ the U$.$S$.$ interest rate. Consequently, the information implies an expected of the peso from the end of year $1$ until the end of year $2.$

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$1.($a premium$/$a discount$/$no premium or discount$)$

$2.($exceeds$/$is the same as$/$is less than$)$

$3.($a premium$/$a discount$/$no premium or discount$)$

$4.($exceeds$/$is the same as$/$is less than$)$

$5.($appreciation$/$depreciation$)$