International Financial Management 2nd Edition by Geert Bekaert ,Robert Hodrick

تمرين 16

Consider some data drawn from Exhibit 6.5. The 1-year rates can be viewed as spot interest rates, and the 2-year rates are yields to maturity in annualized percent. The spot exchange rate is ¥132.192 £.
What should be the 2-year forward rate to prevent arbitrage