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GE, a US firm, has purchased car transmission parts from Fiat, an Italian car manufacturer, with ?10 million payable in one year. Current spot exchange

GE, a US firm, has purchased car transmission parts from Fiat, an Italian car manufacturer, with â?¬10 million payable in one year. Current spot exchange is 1.6 $/â?¬ and 1 year forward rate is 1.65 $...

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