What is the expected effective yield on a one-year deposit, Financial Management

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What is the expected effective yield on a one-year deposit

Assume that the one-year forward rate is used as the forecast of the future spot rate. The Malaysian ringgit's spot rate is $.20, while its one-year forward rate is $.19. The Malaysian one-year interest is 11 percent. What is the expected effective yield on a one-year deposit in Malaysia by a U.S. firm?

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