Suppose that a us interest rate is 4 and the forward rate, Financial Management

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Suppose that a us interest rate is 4 and the forward rate

Suppose that a US interest rate is 4% and the forward rate for the Korean won is 1 won = $0.001 and the spot rate is 1 won = $0.0011. What is the interest rate in the Korean market? (Assume that the US is home and the interest rate parity holds.) Please show work.

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Financial Management: Suppose that a us interest rate is 4 and the forward rate

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