Question: n A ? C G ... PS6 [Compatibility Mode] Home Insert Draw Design Layout References Mailings Review View ? Tell me Share Comments Times New...

n A ? C G ... PS6 [Compatibility Mode] Home Insert

n A ? C G ... PS6 [Compatibility Mode] Home Insert Draw Design Layout References Mailings Review View ? Tell me Share Comments Times New... v 12 A" A Aa Ap AaBbCcDdEe AaBbCcD AaBbCcDdE AaBbCcDdl AaBbCcDdEe Aa BbCcD AaBbCcDdE Paste BI Uvab X X A LA Emphasis Heading 1 Normal Strong Subtitle Title No Spacing Styles Dictate Pane 1. Please fill in the last two columns using the following information: The expected US dollar- South African rand (R) exchange rate in one year's time (Ees/R) is $0.076 for one rand. Calculate the exchange-rate changes for the two spot rates provided below and enter each in column four. If interest parity holds, please write "yes" in the appropriate row of column five. If it does not hold, please write "no." Interest Rate Interest Rate Spot Exchange Exchange-rate change Interest parity for the Dollar for the Rand Rate (E.SIR - ES/R)/ ES/R condition holds is LR ES/R (to 3 decimal places) (Yes/No)? 0.015 0.065 0.075 0.015 0.065 0.080 Page 1 of 2 301 words X English (United States) E + 180%

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