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1. What is the premium or discount between the spot rate and the 3-month forward rate for the Swiss franc on February 20, 2004? What

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1. What is the premium or discount between the spot rate and the 3-month forward rate for the Swiss franc on February 20, 2004? What does this imply about the future spot rate for Swiss francs? (See Tables 2.2 and 2.3)

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