Answer to Question #33365 in Economics of Enterprise for John Smith
The difference between securities return for 6 month is (3.25% - 3%) = 0.25%
So, the exchange rate will be: 1.6*0.9975 = 1.5961
Need a fast expert's response?Submit order
and get a quick answer at the best price
for any assignment or question with DETAILED EXPLANATIONS!
100%-0.25%=99,75% or 0,9975
How do you get the 0.9975?