a) What is the role of arbitrage in the foreign exchange markets Use an example to explain your answer (4 marks) b) The interest rate in the U S is 4 , in Switzerland it is 3 The spot rate is 1 0232 USD to the Swiss franc A U S based hotel chain needs to project forward exchange rates for the next...

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Auditing and Assurance Services An Applied Approach

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a) What is the role of arbitrage in the foreign exchange markets? Use an example to...

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Auditing and Assurance Services An Applied Approach

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