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melomori [17]
3 years ago
10

Suppose that at some point the spot exchange rate is equal to 100 yen per one u.s. dollar, while the interest rate in dollars is

6% and the interest rate in yen is 1%. what is the approximate forward rate that is consistent with this situation
Business
1 answer:
ycow [4]3 years ago
6 0

Answer: A 95.3 yen per dollar

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