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A U.S. firm has a payable of 1,450,000 in one year. Forward rate quotes are .805/$ bid and .807/$ ask. If the U.S. firm hedges
- A U.S. firm has a payable of 1,450,000 in one year. Forward rate quotes are .805/$ bid and .807/$ ask. If the U.S. firm hedges with a forward, what is the guaranteed cost in USD for the payable?
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Focus On Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart
6th Edition
125991965X, 978-1259919657
