1、Thespot exchange rate is €1.00 = $1.25 and the rates of inflation expected toprevail for the next year in the U.S. is 2% and 3% in the euro zone. What isthe one-year forward rate that should prevail?
2、Thespot exchange rate is €1.00 = $1.25 and the rates of inflation expected toprevail for the next year in the U.S. is 2% and 3% in the euro zone. What isthe one-year forward rate that should prevail?
只需要简单的计算步骤就行，但是要用英语回答，谢谢各位大侠！
第二题打错了，下面是问题
Supposethat you are the treasurer of IBM with an extra US$1,000,000 to invest for sixmonths. You are considering the purchase of U.S. T-bills that yield 1.810%(that's a six month rate, not an annual rate by the way) and have a maturity of26 weeks. The spot exchange rate is $1.00 = ¥100, and the six month forwardrate is $1.00 = ¥110. The interest rate in Japan (on an investment ofcomparable risk) is 13percent. What isyour strategy?
第二题我贴上来了，麻烦你回答一下，要用的知识是购买力平价相关公式。
追答若投资于美国国债，半年后的本息合计为1000000*(1+1.810%)=1018100美元
若兑换成日元，现在可兑换100,000,000日元，投资于13%的日元债券，假设13%是半年的收益率，那么半年后成为100000000*(1+13%)=113000000日元，按照1:110折算成美元，就是1027272.7美元，高于投资美元债券的价值，所以应该兑换成日元购买日元债券，半年后再换回美元来。