the numbers are fx0= 3,6 ITL= 0,26 i=0,6 Forward agreement rate= 4,15

4) The spot rate is You engage in a forward contract at a rate of The contract has a maturity of one year, which means that you will use the contract one year later. The interest rate in TL is. The interest rate in US Sis What is the rate of depreciation in TL? How can you arbitrage the situation? What will your arbitrage return be in percentages? 4) The spot rate is You engage in a forward contract at a rate of The contract has a maturity of one year, which means that you will use the contract one year later. The interest rate in TL is. The interest rate in US Sis What is the rate of depreciation in TL? How can you arbitrage the situation? What will your arbitrage return be in percentages