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Basic Question 0 of 27

What rates have been found to be good indicators of future spot exchange rates?

I. forward exchange rates.
II. spot exchange rates.
III. expected future spot exchange rates.

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Learning Outcome Statements

calculate and interpret the present value(PV) of fixed-income and equity instruments based on expected future cash flows

calculate and interpret the implied return of fixed-income instruments and required return and implied growth of equity instruments given the present value (PV) and cash flows

CFA® 2025 Level I Curriculum, Volume 1, Module 2.