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2. A client wishes to buy forward EUR 10 million with USD for a period of ten months. How much will they be charged? FOREX:

2. A client wishes to buy forward EUR 10 million with USD for a period of ten months. How much will they be charged? FOREX: USD/EUR = 1.25 Money market: USD LIBOR 10 months = 2.53% EUR LIBOR 10 months = 0.29 % (continuously compounded, per year)

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