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12. The foreign exchange department at Tokyo's Daiwa Bank quoted the spot rate on the euro at 0.00?Of. The 90day forward rate is quoted at

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12. The foreign exchange department at Tokyo's Daiwa Bank quoted the spot rate on the euro at 0.00?Of. The 90day forward rate is quoted at a premium of 4.410 percent on the euro. What is the 90day forward rate? (Round answer to 6 decimal places, (Lg. 15.251945. Use 360 days for calculation) Forward rate

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