Suppose the initial spot exchange rate had been $1 = 1.4 and that the U.S. interest rate
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Suppose the initial spot exchange rate had been $1 = £1.4 and that the U.S. interest rate was 4%. Rework Table 23.4 to show what cash flows a dealer would offer to investors wishing to enter a foreign exchange swap. P-63
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ISE Investments
ISBN: 9781266085963
13th International Edition
Authors: Zvi Bodie, Alex Kane, Alan Marcus
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