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solina solina
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6 years ago
The spot exchange rate for the Thai bhat is 30.000 bhat to the dollar or .00333 dollar to the bhat. For capital budgeting purposes, Ramo Corp needs to estimate the exchange rate 5 years from now. The U.S. interest rate is 2%; the interest rate in Thailand is 6%. The estimated 5 year forward rate is
A) 24..75 bhat to the dollar.
B) 36.36 bhat to the dollar.
C) 40.15 bhat to the dollar.
D) 27.17 bhat to the dollar.
Textbook 
Financial Management: Principles and Applications

Financial Management: Principles and Applications


Edition: 13th
Authors:
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Heavy Heart Thank you bio-forums! Heavy Heart
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David_hessDavid_hess
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This helped my grade so much Perfect
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