Question
The interest rate in the United States is 0.02 per year, and the spot exchange rate is 1.35 dollars per pound. The interest rate in
The interest rate in the United States is 0.02 per year, and the spot exchange rate is 1.35 dollars per pound. The interest rate in the United Kingdom is 0.099 per year. What is the 90-day forward rate for the pound? Give an answer with three decimal places, and do not write any units.
Answer:
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Emotions In Finance Booms Busts And Uncertainty
Authors: Jocelyn Pixley
2nd Edition
1107633370, 978-1107633377
