Question
The current U.S. dollar- Turkish lira spot rate is 28.9TL/$. If the 90-day forward exchange rate is 31.7 TL/$ then what is the forward
The current U.S. dollar- Turkish lira spot rate is 28.9TL/$. If the 90-day forward exchange rate is 31.7 TL/$ then what is the forward premium/discount (per annum) Turkish lira is selling at?
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
13th International Edition
1265533199, 978-1265533199
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