What is the approximate forward rate

Reference no: EM131937595

Question: Assume a risk-free asset in the U.S. is currently yielding 2.7 percent while a Canadian risk-free asset is yielding 2.8 percent and the current spot rate is Can$.8829 = $1. What is the approximate 6-month forward rate if interest rate parity holds?

Reference no: EM131937595

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