The spot rate between the U.S. dollar and the New Zealand dollar is $1 = NZD1.3362. Assume

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The spot rate between the U.S. dollar and the New Zealand dollar is $1 = NZD1.3362. Assume the interest rate in the United States is 8 percent and in New Zealand is 4 percent.

What should be the 3-month forward exchange rate?

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Finance Applications and Theory

ISBN: 978-0077861681

3rd edition

Authors: Marcia Cornett, Troy Adair

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Posted Date: Feb 21, 2019 12:23 AM

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The spot rate between the U.S. dollar and the New Zealand dollar is $1 = NZD1.3362. Assume

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Finance Applications and Theory

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