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Suppose the spot rates are USD1.2248-9/GBP and the 90 -day forward rate pips are 15-21. The spot rate between the GBP and the AUD is
Suppose the spot rates are USD1.2248-9/GBP and the 90 -day forward rate pips are 15-21. The spot rate between the GBP and the AUD is AUD1.9257-63/GBP and the 90-day forward rate pips are 20-28. What is the outright ask rate for a 90-day forward USD/AUD contract? a. USD0.63569/AUD b. USD0.63651/AUD c. USD0.63615/AUD d. USD0.63605/AUD e. None of the options in this question are correct Step by Step Solution
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Principles Of Finance
Authors: Scott Besley, Eugene F. Brigham
2nd Edition
003034509X, 9780030345098
