Question
The 180-day forward rate for the Brazilian real (BRL) is $0.21, while the current BRL spot rate is $0.20. What is the annualized forward premium
The 180-day forward rate for the Brazilian real (BRL) is $0.21, while the current BRL spot rate is $0.20. What is the annualized forward premium or discount of the BRL? Express your answer in percentage terms.
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Personal Finance Building Your Future
Authors: Robert Walker, Kristy Walker
2nd Edition
0077861728, 9780077861728
