Login
Register
All Activity
Questions
Unanswered
Tags
Categories
FREE
Homework Help
Ask your homework question and get help from others
Help friends with their homework problems
Random Question:
37. A US company borrows British pounds for one year at 6 percent. The US one-year interest rate is 8 percent. The one-year forward rate of the pound is $1.93. The spot rate of the pound at the beginning is $1.95. The pound's spot rate is $2.05 by the end of the year. Based on the information, compute the percentage change in pound and the effective interest rate of the loan in US dollar terms.
Register as a new user
Username:
Password:
Email:
Privacy: Your email address will not be shared or sold to third parties.
Anti-spam verification: