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Question 10 (1 point) SD) is MXP 19.7 to USD 1 The Spot Rate (SO) for Mexican Pesos (MXP) for US dollars (U The riskless

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Question 10 (1 point) SD) is MXP 19.7 to USD 1 The Spot Rate (SO) for Mexican Pesos (MXP) for US dollars (U The riskless rate of interest in the US for 3 months (RUS) is 0.25%. The riskness rate in Mexico (Foreign Country) is 1.6%. According to the Covered Interest Rate Parity relationship, what should be the 3-month Forward rate (F) of MXP for USD? (Note: Your answer should be the number of MXP for USD 1 in the 3-month Forward rate for MXP for USD.) Your Answer: 2

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