If the spot rates are $0.50/NZ$ and the spot rate is C$0.55/NZ$. The interest rate in...
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If the spot rates are $0.50/NZ$ and the spot rate is C$0.55/NZ$. The interest rate in USA is 9% and the interest rate in Canada is 4%. What could be the forward exchange rate between Canadian dollar and US dollar? If the spot rates are $0.50/NZ$ and the spot rate is C$0.55/NZ$. The interest rate in USA is 9% and the interest rate in Canada is 4%. What could be the forward exchange rate between Canadian dollar and US dollar?
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Related Book For
Introduction To Corporate Finance
ISBN: 9781118300763
3rd Edition
Authors: Laurence Booth, Sean Cleary
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