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3. Consider a 4-years forward contract on the Indian Rupee price of Saudi Riyal. The current exchange rate is 721.24 per riyal. The continuously compounding

3. Consider a 4-years forward contract on the Indian Rupee price of Saudi Riyal. The current exchange rate is 721.24 per riyal. The continuously compounding riyal interest rate is 3.5% and the corresponding rupee rate is at 5.4%. What should be the forward price at the 4-years maturity?

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