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?
a. $1.1529/CS
b. C$1.1529/$
c. C$0.9528/$
d. CS0.8674/$
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Answer:
The correct Answer is a
The answer is option a
Thanks a lot ☺️
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