Top Posters
Since Sunday
5
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
Home Q & A Board Other Fields Homework Help Business Finance
New Topic  
samualson samualson
wrote...
Go to Answer
Posts: 2459
Rep: 13 0
5 years ago
The 30-day forward exchange rate is .01073033 dollars per yen. If this forward rate represents a per year discount of 2.5% from the current spot rate, what is the current spot exchange rate?
A) .01073033 dollars per yen
B) .01257754 dollars per yen
C) .01329684 dollars per yen
D) .01093833 dollars per yen
Textbook 
Foundations of Finance

Foundations of Finance


Edition: 9th
Authors:
Read 56 times
2 Replies
Replies
Answer verified by a subject expert
guzmanguzman
wrote...
#1
Top Poster
Posts: 1067
Rep: 10 0
5 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

samualson Author
wrote...
#2
5 years ago
Just confirmed the same answer from my friend, thanks
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1332 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 358
  
 386
  
 172
Your Opinion
Previous poll results: What's your favorite funny biology word?