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[Solved]: Currently, the spot exchange rate is $(1.29)/() an
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(Solved): Currently, the spot exchange rate is $(1.29)/() and the three-month forward exchange rate is $(1.3 ...


Currently, the spot exchange rate is

$(1.29)/(£)

and the three-month forward exchange rate is

$(1.30)/(£)

. The three-month interest rate is

5.00%

per annum in the U.S. and

2.00%

per annum in the U.K. Assume that you can borrow as much as

$1,000,000

or

£775,193.80

. Is interest rate parity is currently holding, and which of the following is true, given the other variables? IRP does not hold - the forward rate is too high IRP does hold - the forward rate is too high IRP does hold - the forward rate is too low IRP does not hold - the forward rate is too low



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