What is the implied german interest rate

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The Wall Street Journal, on October 12, 2000, listed the following information on the exchange rates between the dollar and the German mark:

X0 = 2.2500 DM/$
E0 = $0.4444/DM
XF(90 days) = 2.2399 DM/$
EF(90 days) = $0.4464/DM

The U.S. prime rate on that day was 9.5 percent. What is the implied German interest rate?

Reference no: EM131341343

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