Question
The current interest rate in the U.S. is 3.4% and in the Eurozone it is 1.3%. If the Spot rate is currently EURUSD 1.0612, what
The current interest rate in the U.S. is 3.4% and in the Eurozone it is 1.3%. If the Spot rate is currently EURUSD 1.0612, what is the six-month Forward rate also expressed in EURUSD, that is, expressed in USD per EUR?
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Financial Economics
Authors: Frank J. Fabozzi, Edwin H. Neave, Guofu Zhou
1st Edition
0470596201, 9780470596203
