Question
The Spot rate for USD to JPY is $1 to Y109. The riskless rate of return for 6 months for investing in USD is 2%.
The Spot rate for USD to JPY is $1 to Y109. The riskless rate of return for 6 months for investing in USD is 2%. The riskless rate of return for 6 months for investing in JPY is 0.8%. What is the 6 month Forward Rate of USD to JPY (number of JPY to be received for the payment of $1 6 months from today)?
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An Introduction To Wavelet Theory In Finance
Authors: Francis In, Sangbae Kim
1st Edition
9814397830, 978-9814397834
