The spot rate on the Hong Kong dollar is 7.75.Interest rates in Hong Kong are expected to be 6 percent while they are anticipated to be 3 percent in the U.S.What is the expected exchange rate two years from now?
A) HK$7.9825
B) HK$8.1808
C) HK$8.2220
D) HK$8.3778
E) HK$8.4141
Correct Answer:
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