(Solution) If One-year Nominal Interest Rate In The U. Is 3%, While The One-year Nominal Interest Rate In Australia Is 5%. The Spot Rate Of The Australian... | Snapessays.com


(Solution) If one-year nominal interest rate in the U. is 3%, while the one-year nominal interest rate in Australia is 5%. The spot rate of the Australian...


If one-year nominal interest rate in the U.S. is 3%, while the one-year nominal interest rate in Australia is 5%. The spot rate of the Australian dollar is $.96. Interest Parity is held. You will need 5 million Australian dollars in one year. Today, you purchase a one-year forward contract in Australian dollars. How many U.S. dollars will you need in one year to fulfill your forward contract?

 

 

This is my deadline and I can't give anymore time. Sorry

 


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This question was answered on: May 23, 2022

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