Question
What is the 120 day forward rate for the AUD/USD exchange rate when the AUD/USD spot is 0.6028, the 120-day Australian deposit rate is 1.25%pa,
What is the 120 day forward rate for the AUD/USD exchange rate when the AUD/USD spot is 0.6028, the 120-day Australian deposit rate is 1.25%pa, the 120-day Eurodollar deposit rate is 0.85%pa, and the day-count convention in Australia is 365 and in the US it is 360?
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Principles of Managerial Finance
Authors: Lawrence J. Gitman, Chad J. Zutter, Wajeeh Elali, Amer Al Roubaix
Arab World Edition
1408271583, 978-1408271582
