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In Japan, 90-day securities have a 4% annualized return and

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In Japan, 90-day securities have a 4% annualized return and 180-day securities have a 5% annualized return. In the United States, 90-day securities have a 4% annualized return and 180-day securities have an annualized return of 4.5%. All securities are of equal risk, and Japanese securities are denominated in terms of the Japanese yen. Assuming that interest rate parity holds in all markets, which of the following statements is most CORRECT?
a. The yen-dollar spot exchange rate equals the yen-dollar exchange rate in the 90-day forward market.
b. The yen-dollar spot exchange rate equals the yen-dollar exchange rate in the 180-day forward market.
c. The yen-dollar exchange rate in the 90-day forward market equals the yen-dollar exchange rate in the 180-day forward market.
d. The spot rate equals the 90-day forward rate.
e. The spot rate equals the 180-day forward rate.

Tell why
Submitted: 2 years ago.
Category: Homework
Expert:  Neo replied 2 years ago.
Good day!

a. The yen-dollar spot exchange rate equals the yen-dollar exchange rate in the 90-day forward market.


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Thank you so much! :)
Customer: replied 2 years ago.
How did you come up with that answer? tell my why
Expert:  Neo replied 2 years ago.
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