plz solve this sum
QUS: You are given the following information by your BANKER :
SPOT RATE (Rs./Can $) : 25.00/26.00
Rupee Interest Rate (6 months) : 14.00/16.00
Can $ Interest Rate (6 months) : 9.00/11.00
DETERMINE THE LIMITS FOR SIX MONTH FORWARD RATES.
six monts thoritical rate is 26.125 per canadian dollr
But give the question more clearly
d expected spot rate wud be 26.1468/27.1927
this question is from the book of MAFA, RAJESH MAKKAR SIR
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