Assume the spot rate for eurusd is 1.05. a u.s bank pays, Ask an Expert

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Assume the spot rate for Eur/USD is 1.05. A U.S bank pays 5.0% compounded annually for a one year for a dollar deposit and a German bank pays 2.5% compunded annually for a one year Euro deposit. What is the forward exchange rate for EUR/USD one year from now?

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M942150

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