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4. Use the table to complete following questions: Canadian Dollar: Spot and Forward (C$/$) Euro: Spot and forward ($/) Mid rates Bid Ask Mid
4. Use the table to complete following questions: Canadian Dollar: Spot and Forward (C$/$) Euro: Spot and forward ($/) Mid rates Bid Ask Mid rates Bid Ask spot 1.2645 1.2639 1.2651 1.2390 1.2387 1.2393 Forward 3-week 3-month 23 135 27 128 19 155 15 146 4a. Based on information above, what are the quotation between Canadian Dollar and Euro? (Cross rate, both bid and offer) (10 points) 4b. What are 3-week and 3-month forward bid and ask rate for Canadian Dollar and Euro? (5 points) CAD/USD Bid Ask 3-week 23 27 3-month 135 128 EUR/USD Bid Ask 3-week 0.11887 0.11911 0.13624 0.13651
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International Financial Management
Authors: Cheol S. Eun, Bruce G.Resnick
6th Edition
71316973, 978-0071316972, 78034655, 978-0078034657
