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Suppose on Monday 25 th July 2022 the USD was worth $1.10/. The three-month forward rate for the USD is $1.15/. Calculate the USD forward

Suppose on Monday 25^th July 2022 the USD was worth $1.10/. The three-month forward rate for the USD is $1.15/. Calculate the USD forward premium or discount in percentage terms (must show your workings). Explain what these quotes indicate for the future value of the USD and the euro.

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