Question
Quoted six-month nominal interest rates in Europe are 4.54% In the US they currently sit at 5.33%. The current spot price of the EUR is
Quoted six-month nominal interest rates in Europe are 4.54% In the US they currently sit at 5.33%. The current spot price of the EUR is EUR / USD 1.3405. Assuming interest rate parity is holding, what will the 6-month forward rate be on the EUR?
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Mathematics For Business
Authors: Stanley A Salzman, Charles D Miller, Gary Clendenen
8th Edition
0321357434, 9780321357434
