Reading 18: Currency Exchange Rates - LOS h, (Part 2) ～ Q black, interest, class, white

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Q11. The spot rate for the dollar is 0.1432 $/ADF. Andorran and U.S. interest rates are 6.6% and 7.2%, respectively. If the 1-year forward rate is 0.1430 $/ADF, a U.S. investor could earn an arbitrage dollar profit per ADF of:

A) $0.0011.

B) $0.0010.

C) $0.0075.

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