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What effective dollar interest rate from investing in canada

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Reference no: EM132918456

Problem 1: You observe that the current USD/CAD spot rate is $0.88/CAD and the USD/CAD one year forward rate today is $0.85/CAD. You can invest in the US at 9.2% per annum or in Canada at 7% per annum. What is the effective dollar interest rate from investing in Canada for one year? Submit your final answer as a percentage rounded to two decimal places (Ex. 0.00%).

Reference no: EM132918456

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