Multiple Choice
The spot exchange rate for Canadian Dollar(C$) is U.S.$0.68/C$.The six-month interest rate in U.S.is 2.5% and 3.0% in Canada.What is the six-month forward rate for Canadian Dollar?
A) U.S.$0.6734/C$
B) U.S.$0.6767/C$
C) U.S.$0.6833/C$
D) U.S.$0.6866/C$ forward rate = spot rate x
Correct Answer:
Verified
Correct Answer:
Verified
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