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The present exchange rate is 1 Nigerian Niara (NGN) = U.S. $0.002896. The 1-year future rate is NGN = U.S. $0.002774. The yield on a

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The present exchange rate is 1 Nigerian Niara (NGN) = U.S. $0.002896. The 1-year future rate is NGN = U.S. $0.002774. The yield on a t-year U.S. bill is 3.2%. A yield of on a 1-year Nigerian bill will make an investor Indifferent between investing in the U.S. bill and the Nigerian bill (NTB) Multiple Choice None of the options are correct 774% 6.00% 294

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