One-year interest rate is 389 in italy the spot exchange
Question - One-year interest rate is 3.89% in Italy, the spot exchange rate is $1.5821/€1.00, and the one-year forward exchange rate is $1.6294/€1.00. Based on interest rate parity, what must the one-year interest rate be in the United States?
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question - one-year interest rate is 389 in italy the spot exchange rate is 15821euro100 and the one-year forward
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