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GIVEN: Spot Rate: 1 X = 1.02 Y 30 Day Forward Rate: 1 X = 1.15 Y Your currency is X and you will be

GIVEN: Spot Rate: 1 X = 1.02 Y 30 Day Forward Rate: 1 X = 1.15 Y Your currency is "X" and you will be paying in "Y". You would ____ because _____. A) pay now; of the irrelevance of of payment time B) pay now; it will take less "X" C) pay in 30 days it will take less "X

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