Question
The interest rate in the United States is 4% and the exchange rate is $1 = 0.92; the euro is expected to depreciate to 0.96
The interest rate in the United States is 4% and the exchange rate is $1 = 0.92; the euro is expected to depreciate to 0.96 per U.S. dollar. Calculate the interest rates (%) for countries using the euro. (Assume all the rates are 1-year) Leave your final answer in 2 decimal places.
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The Oxford Handbook Of Quantitative Asset Management
Authors: Bernd Scherer, Kenneth Winston
1st Edition
0199553432, 978-0199553433
