State Bank of India has offered a spot rate quote on Indian rupees (Rs) of Rs 43.54/$.

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State Bank of India has offered a spot rate quote on Indian rupees (Rs) of Rs 43.54/$. The Indian rupee is quoted at a 30-day forward premium of 8.79 percent against the dollar. What is the 30-day forward quote?

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Fundamentals of corporate finance

ISBN: 978-0470876442

2nd Edition

Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates

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Question Posted: Jun 12, 2012 01:46 AM

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State Bank of India has offered a spot rate quote on Indian rupees (Rs) of Rs 43.54/$.

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Spot rate Rs 4354 30day forward premium on the d...View the full answer

Fundamentals of corporate finance

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