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9. (a) What is meant by a currency trading at a discount in the forward market? Please answer this sub- problem using plain English; no

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9. (a) What is meant by a currency trading at a discount in the forward market? Please answer this sub- problem using plain English; no need to list any equation here. (b) Please explain the notion of comparative advantage in the context of the swap market (hint: Mr. Apple vs. Mr. Banana). W2211 I m

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