4 It is sometimes argued that a forward exchange rate is an unbiased predictor of future exchange rates. Under what circumstances is this so ? Provide proof and please be specific about required...

4 It is sometimes argued that a forward exchange rate is an unbiased predictor of future exchange rates. Under what circumstances is this so ? Provide proof and please be specific about required conditions (assumptions) on relation(s) between financial variable(s) such as of both countries.
(3 Points)

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Calculations:___________________________________________________________________
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4 It is sometimes argued that a forward exchange rate is an unbiased predictor of future exchange rates. Under what circumstances is this so ? Provide proof and please be specific about required conditions (assumptions) on relation(s) between financial variable(s) such as of both countries. (3 Points) Facts & Formulas:______________________________________________________________ Calculations:___________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ €€ T $$ i.e, under what conditions FES æö æöæö = ç÷ç÷ ç÷ èøèø èø € € , β rfrf e rrrr e $ $ ,,,