Question
A U.S.-based MNC, invests 15,000,000 Mexican pesos for a one-year period at a nominal interest rate of 15 percent.
The spot rate of the peso is $.049 at the time of the investment. The spot rate of the peso in one year is $.041.
Finance
Question
The spot rate of the peso is $.049 at the time of the investment. The spot rate of the peso in one year is $.041.
Finance