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QUESTION 3 You have been quoted 0.3000 as swap points for 6 months US$/TRY where the spot exchange rate is 6.00. The interest rate for

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QUESTION 3 You have been quoted 0.3000 as swap points for 6 months US$/TRY where the spot exchange rate is 6.00. The interest rate for US $ at 2.00% p.a. What the swap rate implies as the TRY interest rate? 5.00% 10.00% 12.00% O 8.00%

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