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Question 17 of 20 2.5 Points In the spot market, 1 U.S. dollar equals 1.46 Swiss francs (St). U.S. securities have an annualized return of

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Question 17 of 20 2.5 Points In the spot market, 1 U.S. dollar equals 1.46 Swiss francs (St). U.S. securities have an annualized return of 2 percent and Swiss francs a return of 3 percent. If interest rate parity holds, what is the dollar to franc exchange rate in the one year ahead forward market? The answer is dollars per Swiss franc. Give your answer to two decimal places

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