Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. if the interest rate in the united kingdom is 8 pe

If the interest rate in the United Kingdom is 8 percent, the interest rate in...

90.2K

Verified Solution

Question

Accounting

image
If the interest rate in the United Kingdom is 8 percent, the interest rate in the United States is 10 percent, the spot exchange rate is $135/K1, and interest rate parity holds, what must be the one-year forward exchange rate? (Do not round intermediate calculations. Round your answer to 3 decimal places. (e.g., 32.161))

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

What happens to the normal respiratory cycle during speech (or reading out loud)? Draw a sample...

Medical Sciences
Q

Describe, in order, the events that create a local potential that (a) doesn’t result in an...

Medical Sciences
Q

There are some light and radiation agents used in Microbiology. A total of five to be...

Biology
Q

Which three approaches to management are considered historical perspectives? A. Classical, operations, scientific B. Classical, behavioral, quantitative C. Contemporary, historical, scientific D. Classical, scientific,...

General Management
Q

Both the springs shown in figure 5 E2 are unstretched If the block is displaced...

Physics
Q

Use the Pythagorean Theorem to determine the length of the hypotenuse BC Give the value...

Basic Math
Q

For what values of x does the graph of f(x) = x + 2x +...

Basic Math
Q

While jogging with her running club Carly s velocity varied as shown on the graph...

Calculus
Q

Find the derivative of the given function y 3sin 3x4 5 dx

Calculus
Q

Last year, variable expenses were 60% of total sales and fixed expenses were 10% of...

Accounting
Q

Jose, who is in the 35 percent marginal tax bracket with a 15 percent tax...

Accounting
Q

The following represent risk free rates of return: 5 Year Treasury Note Rate as of...

Accounting