Question
The current spot rate is 0.72/$. You observe that a forward contract have a forward rate of 0.77184/$ and is selling at a 24% annualized
The current spot rate is 0.72/$. You observe that a forward contract have a forward rate of 0.77184/$ and is selling at a 24% 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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International Financial Operations Arbitrage Hedging Speculation Financing And Investment
Authors: I. Moosa
1st Edition
1349433128, 978-1349433124
