Question
The spot exchange rate is S(120/$1). The U.S. interest rate is 4 percent APR. The Japanese interest rate is 2 percent APR. What is the
The spot exchange rate is S(120/$1). The U.S. interest rate is 4 percent APR. The Japanese interest rate is 2 percent APR. What is the no-arbitrage 90-day forward rate?
- 117.6923/$1
- 120.5970/$1
- 119.4059/$1
- 122.3529/$1
- None of the options
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