Question
You have $1,000,000 to invest. Current Spot rate of UKP-$1.29 90 day Forward Rate of UKP-$1.27 3 month deposit rate in US- 3% 3 month
You have $1,000,000 to invest.
Current Spot rate of UKP-$1.29
90 day Forward Rate of UKP-$1.27
3 month deposit rate in US- 3%
3 month deposit rate in UK-4%
What is the maximum amount of money you can make?
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Financial Stability Website Fraud Confidence And The Wealth Of Nations
Authors: Frederick L. Feldkamp, R. Christopher Whalen
2nd Edition
1118935799, 978-1118935798
