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Assume that you have $900,000 to invest. The current spot rate of the Australian dollar is $0.62, ...

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Assume that you have $900,000 to invest. The current spot rate of the Australian dollar is $0.62, ...

Assume that you have $900,000 to invest. The current spot rate of the Australian dollar is $0.62, and the 180-day forward rate of the Australian dollar is $0.64. Furthermore, the 180-day interest rate in the United States is 3.5% and the 180-day interest rate in Australia is 3.0%. What is the net income you will have realized after 180 days if you conduct interest rate arbitrage?
A) $61,548.39
B) $56,903.23
C) $27,000.00
D) $31,500.00
E) $52,632.94

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Corporate Finance Online

Edition: 1^st

Authors: Eakins, McNally

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More solutions for this book are available here

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bigexternal Author

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I'm surprised how many intellects exist in this community, thank you

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