The spot rate exchange rate for Andromedan Pixels (ANP) is 3.00ANP/$.If the risk-free rate of return in Andromeda is 20% per annum while that in the U.S.is 3%,then what should be the 1-year forward rate for ANP/$?
A) $2.57
B) $3.00
C) $3.50
D) $3.60
Correct Answer:
Verified
Q59: Exhibit 23-2
Coffee; 37,500 lbs per contract, $
Q60: Exhibit 23-2
Coffee; 37,500 lbs per contract, $
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