Turkish interest rate is 65 percent and the 1-year us


If the spot rate on one Turkish lira is $0.26884 and the 1-year Turkish interest rate is 6.5 percent, and the 1-year U.S. interest rate is 5.3 percent, what is the lira's forward discount or premium? Assume interest rate parity exists.

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Financial Management: Turkish interest rate is 65 percent and the 1-year us
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