If the spot interest rate on a prime-rated one-month CD is 6 percent today and the market rate on a two-month maturity prime-rated CD is 7 percent today, the implied forward rate on a one-month CD to be delivered one month from today is

A. 9 percent.
B. 11 percent.
C. 18 percent.
D. 10 percent.
E. 8 percent.

Ans: E. 8 percent.

Business

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A. They understand the culture of the applicants for the jobs if most of the hiring is going to be in the host country. B. All of the statements are important. C. They understand the legal regulations around employee recruitment in the host country. D. They speak the language of the country.

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