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37. That Italian antique was priced at 3 million lire that, fortunately, does not have to be paid for three months. The lira has a
37. That Italian antique was priced at 3 million lire that, fortunately, does not have to be paid for three months. The lira has a spot exchange rate of L2,000/$(U.S.) but is trading three months forward at a 5% discount. If you contract ahead now, how many U.S. Dollars will the antique cost? A. $1,425 B. $1,429 C. $1,575 D. $1,579
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