微信扫一扫
实时资讯全掌握
|
A European bank exchanges euros for USD, lends them at the U.S. risk-free rate, and simultaneously enters into a forward contract to sell the loan proceeds for euros at loan maturity. If the net effect of these transactions is to earn the risk-free euro rate, it is an example of: A. arbitrage. B. spot-forward equality. C. interest rate parity. D. the law of one price. |