As of April 30, 2013, the exchange rate between the turkish lira and u.s. dollar is ytl1.80/$. the consensus forecast for the u.s. and turkey inflation rates for the next 1-year period is 1% and 9%, respectively. how would you forecast the exchange rate to be at around April 30, 2014?? use the approximation (shortcut formula)

As of April 30, 2013, the exchange rate between the turkish lira and u.s. dollar is ytl1.80/$. the consensus forecast for the u.s. and turkey inflation rates for the next 1-year period is 1% and 9%, respectively. how would you forecast the exchange rate to be at around April 30, 2014?? use the approximation (shortcut formula)

International Financial Management

14th Edition

ISBN:9780357130698

Author:Madura

Publisher:Madura

Chapter20: Short-term Financing

Section: Chapter Questions

Problem 4ST

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