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schweser exam 2 pm 112 - real appr?
last minute question if anyone can help.
not really understanding the reasoning behind the answer. Nominal spot rate in one year is .350 C/$ and implied Future spot rate is 0.476 based on inflation rates and spot rate one year ago.
Doesn’t this mean C appreciated in real terms?
obviously not, but can someone explain to me why. |
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发表于 2013-4-8 18:22
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