Question
A)The spot price on the Euro is $1.154 today and the 60 day Forward rate on the Euro is selling at an annualized 2% forward
A)The spot price on the Euro is $1.154 today and the 60 day Forward rate on the Euro is selling at an annualized 2% forward discount.What is the 60 day Forward rate on the Euro?
B)The spot price on the Australian Dollar (AUD) is $0.724/1AUD and the 90 day Forward rate on the Australian Dollar is selling at an annualized 5% forward premium.What is the 90 day Forward rate on the Australian Dollar?
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Fundamentals of Investments Valuation and Management
Authors: Bradford D. Jordan, Thomas W. Miller
5th edition
978-007728329, 9780073382357, 0077283295, 73382353, 978-0077283292
