[Solved] The spot exchange rate is 1 SA Rand = Ksh

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The spot exchange rate is 1 SA Rand = Ksh 7.2 whereas the 9 Months forward exchange rate shall be 1 SA Rand = Ksh

The spot exchange rate is 1 SA Rand = Ksh 7.2 whereas the 9 Months forward exchange rate shall be 1 SA Rand = Ksh 7.6. An astitute investor will earn an annual return of 14% in the money market in south Africa.

Compute the equivalent annual return in the money market in Kenya

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