Use the information below to answer the following question.
$\begin{array}{rccccc}
&{\text { Exchange Rate }} & \text { Interest Rate } & \text { APR } \
S_{0}(\$ / €) & \$ 1.60= €1.00 &i \$ & 2 \% \
F_{360}(\$ / €) & \$ 1.58= € 1.00& i € & 4 \%
\end{array}$ If you had €1,000,000 and traded it for USD at the spot rate,how many USD will you get?

Question

Use the information below to answer the following question.
 $\begin{array}{rccccc} 
&{\text { Exchange Rate }} & \text { Interest Rate } & \text { APR } \
 S_{0}(\$ / €) & \$ 1.60= €1.00 &i \$  & 2 \% \
F_{360}(\$ / €) & \$ 1.58= € 1.00& i € & 4 \%
\end{array}$ If you had €1,000,000 and traded it for USD at the spot rate,how many USD will you get?

Quizplus · Accepted Answer

The Answer of Use the information below to answer the following question.
 $\begin{array}{rccccc} 
&{\text { Exchange Rate }} & \text { Interest Rate } & \text { APR } \
 S_{0}(\$ / €) & \$ 1.60= €1.00 &i \$  & 2 \% \
F_{360}(\$ / €) & \$ 1.58= € 1.00& i € & 4 \%
\end{array}$ If you had €1,000,000 and traded it for USD at the spot rate,how many USD will you get?

Use the Information Below to Answer the Following Question If You Had €1,000,000 and Traded It for USD at &{\text

Use the Information Below to Answer the Following Question If You Had €1,000,000 and Traded It for USD at
&{\text