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The formula ih-if = -5% for 90 day interest rates between two countries. h= home, f= foreign. For there to be no covered interest rate
The formula ih-if = -5% for 90 day interest rates between two countries. h= home, f= foreign. For there to be no covered interest rate arbitrage opportunity, the 90 day forward exchange rate must be Group of answer choices -5% discount Greater than -5% Less than -5% 5% premium
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