The interest rate in the U.S. is 8%; in Japan the comparable rate is 2%. The spot
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The interest rate in the U.S. is 8%; in Japan the comparable rate is 2%. The spot rate for the yen is $0.007692. If IRP holds, what is the 90 day forward rate on the Japanese yen?
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Related Book For
Foundations Of Multinational Financial Management
ISBN: 9780470128954
6th Edition
Authors: Alan C Shapiro, Atulya Sarin
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