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The current spot rate is 0.71/$. You observe that a forward contract have a forward rate of 0.781/$ and is selling at a 20%
The current spot rate is 0.71/$. You observe that a forward contract have a forward rate of 0.781/$ and is selling at a 20% annualized (360-day year) premium. How many days is this forward contract? (Instruction: please round your answer to the nearest integer) Answer:
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
13th edition
1439078106, 111197375X, 9781439078105, 9781111973759, 978-1439078099
