A $5000 bill with a $50 coupon in the US is currently selling at $4750, and a
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A $5000 bill with a $50 coupon in the US is currently selling at $4750, and a 10,000 British Pound bill with a 100 Pound coupon is trading for 9800 Pounds. Both mature in 1 year. The US Dollar is currently trading at .65 Pounds. If uncovered interest parity holds, the market believes the dollar will trade at ____ Pounds in 1 years’ time. (Round to the nearest 2 decimal points)
Related Book For
Foundations of Financial Management
ISBN: 978-1259194078
15th edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
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