标题: schweser exam 2 pm 112 - real appr? [打印本页]

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作者: Kapie    时间: 2011-7-13 16:44     标题: 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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作者: zhaoyp    时间: 2011-7-13 16:44

sorry i got it, it was $/C,

i need to read the question better.

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作者: DSquaredSlim    时间: 2011-7-13 16:44

Future spot rate is determined by covered IRP

Uncovered IRP, RPPP determine E(s)

Can make a huge difference in your answer.

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