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The 1-year forward exchange rate between the U.S. Dollar and the Euro is $1.3125/ and the forward discount for the Euro is 5%. What is
| The 1-year forward exchange rate between the U.S. Dollar and the Euro is $1.3125/ and the forward discount for the Euro is 5%. What is the spot exchange rate? |
| A. | $1.3215/ | |
| B. | $1.2816/ | |
| C. | $1.3116/ | |
| D. | $1.3816/ |
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Financial Statements
Authors: Inc. BarCharts
1st Edition
1423223837, 978-1423223832
