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Suppose today is Tuesday, January 1 8 , 2 0 1 1 . If you enter into a 3 0 - day forward contract to

Suppose today is Tuesday, January

18, 2011 .

If you enter into a

30 -

day forward contract to purchase euros, when will you pay your dollars and receive

your euros?

(

Hints: February

18, 2011,

is a Friday, and the following Monday is a holiday.

)

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