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Question: Novak Djokovic wants to start a tennis academy in India and is…
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Novak Djokovic wants to start a tennis academy in India and is
looking for funding options. He finds that 13 questions remaining
the interest rates in
India are around 12% per annum. Lenders in his parent country,
Serbia are willing to
extend similar loans at 3% per annum.
a. Advise him on the suitability of the two options.

b. If 1 Serbian Dinar can be bought in the spot market for Rs 0.72

and in the 3- month forward market at
My Textbook Solutions
0.78, calculate the
annualised forward premium/ discount of the rupee to the Serbian
Dinar.

Expert Answer
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textbook textb
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