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Bid Ask APR S0($/) $1.42 = 1.00 $1.45 = 1.00 i$ 4% F360($/) $1.48 = 1.00 $1.50 = 1.00 i 3% If you had borrowed
Bid Ask APR S0($/) $1.42 = 1.00 $1.45 = 1.00 i$ 4% F360($/) $1.48 = 1.00 $1.50 = 1.00 i 3% If you had borrowed $1,000,000 and traded for euro at the spot rate, how many do you receive? Select one: a. 675,675.68 b. 666,666.66 c. 704,225.35 d
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