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please help asap Which of the following statements about the currency forward market is incorrect? It is an OTC market. Only maturities of 1.3, 6,
please help asap 
Which of the following statements about the currency forward market is incorrect? It is an OTC market. Only maturities of 1.3, 6, 9 and 12 months are available. The transaction price is agreed upon today. The forward market for FX involves agreements to buy and sell foreign currencies in the future. Consider a 6-month forward contract with a settlement price of CAD1.4232/USD and you have entered the contract to sell USD forward You will lose money if the spot rate at expiration is CAD1.4232/USD. You will lose money if the spot rate at expiration is CA1.3200/USD You will make money if the spot rate at expiration is CAD1.5232/USD. You will make money if the spot rate at expiration is CAD1.4200/USD Step by Step Solution
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Financial Markets and Institutions
Authors: Jeff Madura
12th edition
9781337515535, 1337099740, 1337515531, 978-1337099745
