1 it is sometimes argued that a forward exchange rate is an, Ask an Expert

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1. It is sometimes argued that a forward exchange rate is an unbiased predictor of future exchange rates. Under what circumstances is this so?

2. Show that the growth rate in an index futures price equals the excess return on the portfolio underlying the index over the risk-free rate. Assume that the risk-free interest rate and the dividend yield are constant.

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Category:- Basic Finance
Reference No.:- M91991815

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