Business, 21.12.2020 18:20, Josenoguez7431

The present exchange rate is 1 Nigerian Niara (NGN) = U. S. $0.002896. The 1-year future rate is NGN = U. S. $0.002774. The yield on a 1-year U. S. bill is 3.2%. A yield of on a 1-year Nigerian bill will make an investor indifferent between investing in the U. S. bill and the Nigerian bill (NTB).

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The present exchange rate is 1 Nigerian Niara (NGN) = U. S. $0.002896. The 1-year future rate is NGN...