Multiple Choice
Calculate the forward exchange rate using the following information.Spot exchange rate is $1.45 for 1 Euro.The nominal interest rate in Canada is 6 percent and the nominal interest rate in Europe is 4%.
A) 1.44
B) 1.43
C) 1.45
D) 1.41
E) 1.42
Correct Answer:
Verified
Correct Answer:
Verified
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