6. A U.S. company has committed to pay 10 million kronor to a Swedish company in one...
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6. A U.S. company has committed to pay 10 million kronor to a Swedish company in one year. What is the cost (in present value) of covering this liability by buying kronor forward?
The Swedish interest rate is .6%, and exchange rates are shown in Table 27.1 . Briefly explain.
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