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Question 3 Not yet answered Marked out of 1.00 P Flag question The following rates appear in the foreign exchange market: Spot rate 3 Month

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Question 3 Not yet answered Marked out of 1.00 P Flag question The following rates appear in the foreign exchange market: Spot rate 3 Month forward Bid price Ask price Bid price Ask price IRS/1 BHD IRS 48.80 IRS 49.05 IRS 49.50 IRS 50.00 Assume the firm has BHD 50,000. How many Indian rupees does the firm obtain in exchange for the BHD in the spot market? a. Indian Rupees 3.44 million b. Indian Rupees 2.44 million c. Indian Rupees 1.44 million . d. Indian Rupees 2.44 billion

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