Please help! Current spot rate of New Zealand dollar...
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Current spot rate of New Zealand dollar Forward fate of New Zealand dollar for 360-day ( 1 year) delivery =$0.43 Annual interest rate on New Zealand dollars =8% Annual interest rate on U.S. dollars =9% a) Given the information in this question, what is the teturn, in terms of dollars, on the domestic (\$) deposit? b) What is the return, in terms of dollars, on the covered forcign (NZS) deposit? Current spot rate of New Zealand dollar Forward fate of New Zealand dollar for 360-day ( 1 year) delivery =$0.43 Annual interest rate on New Zealand dollars =8% Annual interest rate on U.S. dollars =9% a) Given the information in this question, what is the teturn, in terms of dollars, on the domestic (\$) deposit? b) What is the return, in terms of dollars, on the covered forcign (NZS) deposit
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