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Question 10: (NBAA ADAPTED) Given the following market rates expressed in European terms of other currencys units per US Dollar: US $: Lit Spot 1,890.00
Question 10: (NBAA ADAPTED)
Given the following market rates expressed in European terms of other currencys units per US Dollar:
US $: Lit Spot | 1,890.00 1,892.00 |
One Month Forward | 1,894.25 1,897.50 |
US$ Df1 Spot | 3.4582 3.4600 |
One Month Forward | 3.4530 3.4553 |
Required:
Calculate the Forward Cross Rate for buying and selling Italian Lire (Lit) against the Dutch Guilders (Df1)
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