关于exchange rate forward, investor, interest, exchange, discount

xuehao01

Assume the philippine peso is at a 1-year forward discount of 1.25% to the Thai baht and that Thailand's 1-year interest rate is at 3%. If a Thai investor has no arbitrage opportunities, the Philippine interest rate is ?

答案给的4.25%=3%+1.25%，我就不明白为什么？

silviaqiu

抛补利率平价定理推出来的，仔细看看notes前面的推导吧