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bank's spot rates and money market interest rates in order to create a synthetic forward contract. What is the effective forward exchange rate that Picus

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bank's spot rates and money market interest rates in order to create a synthetic forward contract. What is the effective forward exchange rate that Picus Group is able to achieve for hedging the EUR value of their CAD payable? a. CAD 0.8357/ EUR b. CAD 0.7641/ EUR c. CAD 0.8031/ EUR d. CAD 0.7756/EUR e. CAD 0.8242/EUR f. CAD 0.8316/EUR

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