Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Question
When the forward rate is equal to the expected future spot rate, the forward rate is said to be __________ the future spot rate.
Group of answer choices
a an information signal for
b. an unbiased predictor of
c. a hedge for
d. in parity with the expected future spot rate
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