Question
Spot rate: JPY 99.85-95/USD 90 day forward rate: JPY 99.30-20/USD (a) Suppose you want to swap out of USD 2 million into JPY for 90
Spot rate: JPY 99.85-95/USD
90 day forward rate: JPY 99.30-20/USD
(a) Suppose you want to swap out of USD 2 million into JPY for 90 days. What are the cash flows associated with this swap?
(b) What are the bid and ask rates for the 90-day forward rate, FUSD/JPY?
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Investment Science
Authors: David G. Luenberger
1st Edition
0195108094, 978-0195108095
