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A Ghanaian businesswoman intends to buy 1 0 0 , 0 0 0 Euros on the 3 1 st of March 2 0 1 6

A Ghanaian businesswoman intends to buy

100, 000

Euros on the

31

st of March

2016

at a forward rate of GHS

4.2 /

Euros

,

if the spot rate is GHS

4.15 /

Euros

.

calculate to show whether she will be buying at a premium or a discount. Is the quotation direct or indirect?

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