FindFind

International Financial Management

14th Edition
Madura
Publisher: Cengage
ISBN: 9780357130698
FindFind

International Financial Management

14th Edition
Madura
Publisher: Cengage
ISBN: 9780357130698

Solutions

Chapter 9, Problem 1ST
Textbook Problem

Assume that the annual U.S. return is expected to be 7 percent for each of the next four years, whereas the annual interest rate in Mexico is expected to be 20 percent. Determine the appropriate four-year forward rate premium or discount on the Mexican peso, which could be used to forecast the percentage change in the peso over the next four years.

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