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Fundamentals of Financial Manageme...

14th Edition
Eugene F. Brigham + 1 other
Publisher: Cengage Learning
ISBN: 9781285867977
BuyFind

Fundamentals of Financial Manageme...

14th Edition
Eugene F. Brigham + 1 other
Publisher: Cengage Learning
ISBN: 9781285867977

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Chapter
Section
Chapter 19, Problem 10P
Textbook Problem

INTEREST RATE PARITY Assume that interest rate parity holds. In the spot market 1 Japanese yen = $0.00982,while in the 90-day forward market 1 Japanese yen = $0 00983. In Japan, 90-day risk-free securities yield 2%.What is the yield on 90-day risk-free securities in the United States?

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