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What is the 6 month forward exchange rate of Russia RUB per US dollar for a foreign 6 month foreign bond. Please show work and
What is the 6 month forward exchange rate of Russia RUB per US dollar for a foreign 6 month foreign bond. Please show work and explain if investing $100,000.000 into a Russian bond is better or worse than a US bond investment.
Current spot exchange rate: $1.00 USD : 74.2626 RUB
US treasury bond rate: 0.095%
Russia 6 Month bond rate: 8.870%
investment amount = $100,000,00.00
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Benchmarking Islamic Finance
Authors: Mohd Ma'Sum Billah
1st Edition
0367546469, 978-0367546465
