Okay, I'm getting desperate .. peeved .. and frustrated. If anyone has finance knowledge and can help me figure this out, please help me. Here's the question and I'm not getting it (big Mencia duh duh duh duh)
"Assume that the annual interest rate on a six month U.S. T-bill is 5%. Calculate the annual interest rate on six month bills in Canada and Japan given the following spot rates: $C.9510/US$ .008199 yen/US%."
I think that my brain (or what few cells are left of it) are soon going to explode. I can't find anyone who can explain it to me!! I need some chocolate. Nobody in my class understands and the prof isn't good at explaining (it was way over my head).
"Assume that the annual interest rate on a six month U.S. T-bill is 5%. Calculate the annual interest rate on six month bills in Canada and Japan given the following spot rates: $C.9510/US$ .008199 yen/US%."
I think that my brain (or what few cells are left of it) are soon going to explode. I can't find anyone who can explain it to me!! I need some chocolate. Nobody in my class understands and the prof isn't good at explaining (it was way over my head).