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Suppose Morgan Stanley quotes spot and 30-day forward rates on the British pound and the euro as follows: Maturity GBP Bid ($) Ask ($) 2.0015
Suppose Morgan Stanley quotes spot and 30-day forward rates on the British pound and the euro as follows: Maturity GBP Bid ($) Ask ($) 2.0015 2.0030 1.9996 2.0013 SFr Bid ($) Ask ($) 0.6963 0.6968 0.6967 0.6974 30-day 013 Compute the outright sterling ask rate on 30-day forward Swiss francs (GBP)
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