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Suppose that the one-year interest rate is 3.5 percent in the United States and 5.0 percent in Germany, and the one-year forward exchange rate is
Suppose that the one-year interest rate is 3.5 percent in the United States and 5.0 percent in Germany, and the one-year forward exchange rate is $1.16/. What must the spot exchange rate be?
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Authors: Mark Graham
1st Edition
0648678830, 978-0648678830
