Suppose you are expecting to receive a million US dollars in three months, and you agree to
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Suppose you are expecting to receive a million US dollars in three months, and you agree to a forward trade to exchange your US dollars for Australian dollars.
We looked at Figures 21.1 and 21.2 to get the current spot rate and the three month forward points. How many Australian dollars will you get in three months?
Are US dollars selling at a discount or a premium relative to the Australian dollar?
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Related Book For 
Fundamentals Of Corporate Finance
ISBN: 9781743768051
8th Edition
Authors: Stephen A. Ross, Rowan Trayler, Charles Koh, Gerhard Hambusch, Kristoffer Glover, Randolph W. Westerfield, Bradford D. Jordan
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