Question
Suppose the spot rate of Polish Zloty to the US dollar is 4.0 and the forward rate in the 180 day market of the Polish
Suppose the spot rate of Polish Zloty to the US dollar is 4.0 and the forward rate in the 180 day market of the Polish Zloty is 3.5 per dollar.The Polish Zloty is then selling at a _____________ to the spot rate. Express your answer as a decimal not a percentage.
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Personal Finance
Authors: Jack R. Kapoor, Les R. Dlabay, Robert J. Hughes, Melissa Hart
12th edition
1259720683, 978-1259720680
