Question
Suppose that it costs 7.5 Trinidad and Tobago dollars (TTD) to buy a United States dollar (USD) t oday, Suppose that the interest rate in
Suppose that it costs 7.5 Trinidad and Tobago dollars (TTD) to buy a United States dollar (USD) today, Suppose that the interest rate in Trinidad and Tobago is 4% and the interest rate in the US is 2%. Interest rates are compounded annually.
What is the one-year forward exchange rate for the TTD-USD (in terms of TTD per USD? please round two decimal places in the answer only.
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The Arab World Facing The Challenge Of The New Millennium
Authors: Henry T. Azzam
1st Edition
1860648169,0857710494
