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QUESTION 13 Assume the inflation rate in the U.S. is 0.91 percent. The spot rate for a foreign currency is 1.4231 while the 1-year forward

QUESTION 13

Assume the inflation rate in the U.S. is 0.91 percent. The spot rate for a foreign currency is 1.4231 while the 1-year forward rate is 1.4375. What is the approximate rate of inflation in the foreign country?

a
2.15%

b
2.03%

c
1.92%

d
1.80%

e
1.71%

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