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Tamra, CFA, runs a large family of international funds and is searching for a new economist to help her manage her International Value Fund. Tamra

Tamra, CFA, runs a large family of international funds and is searching for a new economist to help her manage her International Value Fund. Tamra interviews Rachel, a recent graduate from an Ivy League School and a Level 1 CFA candidate. Tamra asks Rachel to explain the relationship among forward rates, spot rates, and interest rates. Tamra is so impressed with Rachel’s complete answer that she offers her the job immediately.



What could Rachel have said to Tamra that would have been so impressive?

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