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A customer enters a forward contract to buy GBP in 3-months at USD 1.2853 / GBP. If in 3-months the GBP is trading at USD

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A customer enters a forward contract to buy GBP in 3-months at USD 1.2853 / GBP. If in 3-months the GBP is trading at USD 1.2952 / GBP, the customer is obligated to settle the forward transaction at the higher rate. True False Question 9 1 pts The spot and 180-day forward rates for the British Pound are USD 2.0180/GBP and USD 2.000/GBP, respectively. The GBP is said to be trading at a forward to spot. premium discount

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