Question
Suppose the interest rate in the US is 4.43% and in the UK is 7.44%. The current spot rate of British pounds is $1.770; the
Suppose the interest rate in the US is 4.43% and in the UK is 7.44%. The current spot rate of British pounds is $1.770; the 20-day forward rate of the pound is $1.860. What is the equilibrium UK interest rate in percentage (keep 2 decimal)?
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Finance Budget And Management For Reference Services Routledge Library Editions Library And Information Science
Authors: Ruth A. Fraley, Bill Katz
1st Edition
0367374293, 978-0367374297
