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If the spot rate was $1.0245/C$ and the 90-day forward rate was $1.0320/C$, how much more (in U.S. dollars) would you receive by selling C$1,128,000
If the spot rate was $1.0245/C$ and the 90-day forward rate was $1.0320/C$, how much more (in U.S. dollars) would you receive by selling C$1,128,000 at the forward rate than at the spot rate?
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International Financial Management
Authors: Cheol Eun, Bruce G. Resnick
8th edition
125971778X, 978-1259717789
