3. Suppose that the interest rate on a US dollar deposit is 3% and the interest rate on a Japanese yen deposit is 2.1%. Today's exchange rate is $1/¥ and the expected rate one year in the future is $1.2/¥, so $100 today can be exchanges

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Stock Market Indices

Stock indexes are used to compare the price fluctuations of a group of stocks of similar companies, which are combined based on a similar industry or a particular market capitalization limit or type of market. The price comparison is based on a pre-determined standard method or indicators. These stock indexes are usually considered a base for comparison of a particular stock, and the performance of that particular company can be easily determined.