Question
The questions is: The current HKD/RMB exchange rate is 2.80 dollars per euro. The six-month forward exchange rate is 2.79. The six-month HKD interest rate
The questions is:
The current HKD/RMB exchange rate is 2.80 dollars per euro.
The six-month forward exchange rate is 2.79. The six-month HKD interest rate is 1% per annum continuously compounded. Estimate the six month RMB interest rate.
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Accounting A Systems Approach
Authors: Alison Warman, Jeff Davies
1st Edition
1861520379, 978-1861520371
