Assume that interest rate parity holds. the u. s. five-year interest rate is 5 percent annualized, and the mexican five-year interest rate is 8 percent annualized. today's spot rate of the mexican peso is $.20. what is the approximate five-year forecast of the peso's spot rate if the five-year forward rate is used as a forecast?

howard, fine, & howard is an advertising agency. the firm uses an activity-based costing system to allocate overhead costs to its services. information about the firm's activity cost pool rates follows: stooge company was a client of howard, fine, & howard. recently, 7 administrative assistant hours, 3 new ad campaigns, and 8 meeting hours were incurred for the stooge company account. using the activity-based costing system, how much overhead cost would be allocated to the stooge company account?