The present exchange rate is c us 078 the 1-year future


The present exchange rate is C$ = U.S. $0.78. The 1-year future rate is C$ = U.S. $0.76. The yield on a 1-year U.S. bill is 4%. A yield of __________ on a 1-year Canadian bill will make investor indifferent between investing in the U.S. bill and the Canadian bill.

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Financial Management: The present exchange rate is c us 078 the 1-year future
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