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1. Suppose it is 1995 and the following direct quotes are received for spot and one - month French francs in New York: .1160 -
1. Suppose it is 1995 and the following direct quotes are received for spot and one-month French francs in New York: .1160-684-6. Then the outright 30-day forward quotefor the French franc was:
2.Suppose the spot direct quotes for the pound sterling and euro are $1.3981-89 and $0.1230-33, respectively. What is the direct quote for the pound in Paris?
Please explain how you got the answer and not just the answer itself. I'd like to understand how to solve it.
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