The current indirect rate is 153, the interest rate in the foreign country is 1%, and the interest rate in the home country is 4%. What is the forward indirect rate if t = 2?
A) 143.69
B) 144.30
C) 148.59
D) 156.34
Answer: B
Explanation: B) Forward Indirect Ratet = Current Indirect Rate × = 153 ∗ (1.01/1.04)2 = 144.30.
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