A BRL/MXN spot rate is listed by a dealer at 0.1378. The six-month forward rate is 0.14193.

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A BRL/MXN spot rate is listed by a dealer at 0.1378. The six-month forward rate is 0.14193. The six-month forward points are closest to:

A. –41.3.

B. +41.3.

C. +299.7.

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2024 CFA Program Curriculum Level I Volume 1

ISBN: 9781953337672

1st Edition

Authors: CFA Institute

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Question Posted: Feb 01, 2024 08:02 AM

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A BRL/MXN spot rate is listed by a dealer at 0.1378. The six-month forward rate is 0.14193.

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B is correct The number of forward points equals the forward ...View the full answer

2024 CFA Program Curriculum Level I Volume 1

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