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Given that: Spot rate 1/$1.6365-1.6385 3 month forward 0.003-0.005. Required Compute the cost of the forward cover to a customer who; a)Buys pounds three month

Given that: Spot rate 1/$1.6365-1.6385

3 month forward 0.003-0.005. Required

Compute the cost of the forward cover to a customer who;

a)Buys pounds three month forward

b) Sells pounds three month forward

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