Question
The random walk hypothesis suggests that A. the best predictor of the future exchange rate is the current exchange rate. B. the best predictor
The random walk hypothesis suggests that A. the best predictor of the future exchange rate is the current exchange rate. B. the best predictor of the future exchange rate is the current forward rate. C. both a) and b) are consistent with the efficient market hypothesis. D. None of the above
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Bond Markets Analysis and Strategies
Authors: Frank J.Fabozzi
9th edition
133796779, 978-0133796773
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