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The spot rate for the South African Rand (ZAR) is $0.0590/ZAR. One-year interest rates in South Africa are 3%, and 2% in the US. If

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The spot rate for the South African Rand (ZAR) is $0.0590/ZAR. One-year interest rates in South Africa are 3%, and 2% in the US. If interest rate parity holds, what should be the one-year $/ZAR forward rate (F$/zar)? $0.0584/ZAR $0.0596/ZAR $0.0590/ZAR $0.6000/ZAR

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