Business, 07.03.2020 00:12 VamPL

CIRP. Jason Smith is a foreign exchange trader with Citibank. He notices the following quotes. Spot exchange rate SFr1.6627/$ Six-month forward exchange rate SFr1.6558/$ Six-month $ interest rate 3.5% per year Six-month SFr interest rate 3.0% per year a. Ignoring transaction costs, is the interest rate parity holding? b. Now assume that the forward exchange rate is not given, but that the spot forward exchange rate and two interest rates are given as above. Determine the forward exchange rate. c. Going back to the four numbers given above, what steps would be needed to make an arbitrage profit? Assuming that Jason Smith is authorized to work with $1,000,000 for this purpose, how much would the arbitrage profit be in dollars?

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CIRP. Jason Smith is a foreign exchange trader with Citibank. He notices the following quotes. Spot...