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CFA考试资料答案R10 Currency Exchange Rates- Understanding Equilibrium Value - Answers.pdf

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Question #1 of 47 Question ID: 1208657 The domestic interest rate is 9% and the foreign interest rate is 7%. If the forward exchange rate is DC/FC 5.00, what spot exchange rate is consistent with covered interest parity? A) 4.91. B) 5.09. C) 4.83. Explanation 7 ForwardDC/FC / Spot DC/FC = (1 + rdomestic) / (1 + rforeign). 3 2 1 q SpotDC/FC = Forward DC/FC (1 + rforeign) / (1 + rdomestic) = (5.00)(1.07) / (1.09) = 4.908 i s (Study Session 4, Module 10.2, LOS 10.e) u m : t a h

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