Ama Amelicans Groups PLC holds a subsidiary company called DontTell Limited. DontTell Limited, is based in Zambia
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Question:
Spot Rate (ZAR/ZMW) = 2.000
Six-month forward exchange rate (ZAR/ZMW) = 1.990
One-year forward exchange rate (ZAR/ZMW) = 1.981
Calculate
The six-month expected (future) spot rate and explain briefly the relationship between the expected (future) spot rate and the current forward exchange rate.
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