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QUESTION 6 Use the following information to answer the next three questions. An investment banker in Spain notices that 1 year interest rates in Spain

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QUESTION 6 Use the following information to answer the next three questions. An investment banker in Spain notices that 1 year interest rates in Spain and Mexico are 15% and 10%, respectively. Current spot rates are as follows: .90/9, $.10/MP What should be the one year forward premium/discount according to IRP? Assume Spain is the home country. Round intermediate steps and your final answer to four decimals. Do not use currency symbols or words when entering your response

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