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Question 2 8 ( 3 points ) The following are the prices in the foreign exchange market between the Canadian dollar and another local currency

Question 28(3 points)
The following are the prices in the foreign exchange market between the Canadian
dollar and another local currency (LC).
What was the discount or premium on 3-month forward for LC?
0.0325% premium
0.0325% discount
1.2980% premium
1.2980% discount
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