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A U.S. company has committed to pay 15 million kronor to a Swedish company in one year. What is the cost (in present value) of

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A U.S. company has committed to pay 15 million kronor to a Swedish company in one year. What is the cost (in present value) of covering this liablity by buying kronor forward? The Swedish interest rate is 11%, and exchange rates are shown in Table 28.1 . Soun CUE GWotp

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