Question
Calculate the forward contract for the following: Jubei Inc. is expected to receive 1,255,000 in September (6 months) as the payment for work done in
Calculate the forward contract for the following:
Jubei Inc. is expected to receive 1,255,000 in September (6 months) as the payment for work done in Italy.
$1.14150/ bid and $1.14180/ ask.
| Lending Rate | Borrowing Rate | |
| U.S. | 1.50% | 1.60% |
| Euro | 0.20% | 0.40% |
EUR/USD 6-Month Forward
Bid 77.7
Ask 79.2
Mid Price 78.35
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Strategies For Monetary Policy
Authors: John H. Cochrane, John B. Taylor
1st Edition
0817923748, 978-0817923747
