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The 1-year forward rate of the Canadian dollar contains a 6.17% discount. Today's spot rate of the Canadian dollar is $0.78. Use the forward rate
The 1-year forward rate of the Canadian dollar contains a 6.17% discount. Today's spot rate of the Canadian dollar is $0.78. Use the forward rate model to predict the exchange rate for one year ahead. Round to four decimals. Include the price currency. Example 1.1234($) or 1.1234(C$)
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