The 1-year forward rate of the pound contains a 3.7% premium. Today's spot rate of the pound is $1.1576. Use the forward rate model to
The 1-year forward rate of the pound contains a 3.7% premium. Today's spot rate of the pound is $1.1576. Use the forward rate model to predict the exchange rate for one year ahead.
Round to four decimals. Include the price currency. Example 1.1234($) or 1.1234()
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Authors: Paul Asquith, Lawrence A. Weiss
2nd Edition
1119537835, 978-1119537830
