Forward Rates. Using the spot rates and 3-month interest rates in the table, calculate the 90-day forward

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Forward Rates. Using the spot rates and 3-month interest rates in the table, calculate the 90-day forward rates for:

a. Japanese yen/U.S. dollar exchange rate

b. Japanese yen/Australian dollar exchange rate

c. Australian dollar/U.S. dollar exchange rate

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Multinational Business Finance

ISBN: 9781292270081

15th Global Edition

Authors: David Eiteman, Arthur Stonehill, Michael Moffett

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