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Company Y wants to borrow $10,000,000 floating for 1 year; company X wants to borrow 5,000,000 fixed for 1 year. The spot exchange rate is

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Company Y wants to borrow $10,000,000 floating for 1 year; company X wants to borrow 5,000,000 fixed for 1 year. The spot exchange rate is $2 = 1 and IRP calculates the one-year forward rate as $2.00

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