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SHOW WORK IN EXCEL Interest Rate Parity Assume that interest rate parity holds and that 90-day risk-free securities yield 6% in the United States and

SHOW WORK IN EXCEL
Interest Rate Parity Assume that interest rate parity holds and that 90-day risk-free securities yield 6% in the United States and 6.2% in Germany. In the spot market, 1 euro equals $1.47. What is the 90-day forward rate? Do not round intermediate calculations. Round your answer to four decimal places. $ Is the 90-day forward rate trading at a premium or discount relative to the spot rate? The 90-day forward rate is trading at a ( -Select- relative to the spot rate

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