F/So = (1+Ra)/(1+Rb) why is “a” in the numerator?
Anyone?
It’s always like that. Forward (USD/JPY) = S0 x (1+ US rate)/(1+Japan rate).
F/So = (1+Ra)/(1+Rb) why is “a” in the numerator?
Anyone?
It’s always like that. Forward (USD/JPY) = S0 x (1+ US rate)/(1+Japan rate).