If spot AUD/USD = 0.7351, 255 day interest rates are : AUD = 2%, USD = 2.9%, the implied 255 day AUD/USD FX swap rate is: a. -0.0047 b. 0.0048 c. 0.0049 d. -0.0046 PLEASE EXPLAIN HOW YOU COME UP WITH THE ANSWER, THANK Y
If spot AUD/USD = 0.7351, 255 day interest rates are : AUD = 2%, USD = 2.9%, the implied 255 day AUD/USD FX swap rate is: a. -0.0047 b. 0.0048 c. 0.0049 d. -0.0046 PLEASE EXPLAIN HOW YOU COME UP WITH THE ANSWER, THANK Y
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
If spot AUD/USD = 0.7351, 255 day interest rates are : AUD = 2%, USD = 2.9%, the implied 255 day AUD/USD FX swap rate is:
a. -0.0047
b. 0.0048
c. 0.0049
d. -0.0046
PLEASE EXPLAIN HOW YOU COME UP WITH THE ANSWER, THANK YOU
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