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Assume that you are a retail customer. Use the information below to answer the following question. Bid Ask Borrowing Lending S 0 ($/) $1.40 =
Assume that you are a retail customer. Use the information below to answer the following question.
| Bid | Ask | Borrowing | Lending | ||||||
| S0($/) | $1.40 = 1.00 | $1.43 = 1.00 | i$ | 4.20% APR | 4.10% APR | ||||
| F360($/) | $1.44 = 1.00 | $1.49 = 1.00 | i | 3.65% APR | 3.50% APR | ||||
If you had 1,000,000 and traded it for USD at the spot rate, how many USD will you get?
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International Finance
Authors: Keith Pilbeam
4th Edition
0230362893, 978-0230362895
