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The $/ spot foreign exchange rate = 5.7; US dollar interest rate = 3% p. and the Cedi interest rate = 26% p.a. Calculate the
- The $/ spot foreign exchange rate = 5.7; US dollar interest rate = 3% p. and the Cedi interest rate = 26% p.a.
- Calculate the three month forward FX rate between the cedi and the dollar.
- Based on your answer in (i), indicate whether the cedi is trading at a discount or at a premium to the US dollar. Explain why the cedi may be trading at a discount or at a premium to the US dollar. 5 marks
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U.S. Mergers And Acquisitions Legal And Financial Aspects
Authors: Felix Lessambo
1st Edition
3030857344,3030857352
