Alpha Geek

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Category > Accounting Posted 01 May 2017 My Price 5.00

Assume that interest rate parity exists

Assume that interest rate parity exists. The 1-year nominal interest rate in the United States is 7 percent, while the 1-year nominal interest rate in Australia is 11 percent. The spot rate of the Australian dollar is $.60. Today, you purchase a 1-year forward contract on 10 million Australian dollars. How many U.S. dollars will you need in 1 year to fulfill your forward contract?

Answers

Alpha Geek
(8)
Status NEW Posted 01 May 2017 06:05 PM My Price 5.00

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file 1493665124-answer1.docx preview (110 words )
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