Question
If the spot rate was $1.0000/C$ and the 90-day forward rate was $1.0070/C$, how much more (in U.S. dollars) would you receive by selling C$1,000,000
If the spot rate was $1.0000/C$ and the 90-day forward rate was $1.0070/C$, how much more (in U.S. dollars) would you receive by selling C$1,000,000 at the forward rate than at the spot rate?
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Modern Portfolio Theory and Investment Analysis
Authors: Edwin Elton, Martin Gruber, Stephen Brown, William Goetzmann
9th edition
9781118805800, 1118469941, 1118805801, 978-1118469941
