Question: Question 2 (10 pts) The present exchange rate is 1 Nigerian Niara (NGN) = U.S. $0.003550. The 1-year future rate is NGN = U.S. $0.003240.

Question 2 (10 pts) The present exchange rate is 1 Nigerian

Question 2 (10 pts) The present exchange rate is 1 Nigerian Niara (NGN) = U.S. $0.003550. The 1-year future rate is NGN = U.S. $0.003240. The yield on a 1-year U.S. bill is 3.5%. What yield of a 1-year Nigerian bill will make an investor indifferent between investing in the U.S. bill and the Nigerian bill (NTB)

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