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Question 1 1 pts The interest rate in Angola is 11.13%. The interest rate in Lesotho is 24.92%. The currency in Lesotho is called the
Question 1 1 pts The interest rate in Angola is 11.13%. The interest rate in Lesotho is 24.92%. The currency in Lesotho is called the Loti. The currency in Angola is called a Kwanza. The current rate is 1 Loti equals 46.59 Kwanzas. A company in Angola will need to pay 1,724 Lotis 7 months from now. The company has an existing long forward where the Loti will be purchased at a rate of 1 Loti for 46.07 Kwanzas 7 months from now. What is the value of the existing forward in Kwanzas? Margin of error here: +/- 2%
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