Question
The current USD/CAD exchange rate is 1.25 CAD per USD. A forward exchange rate is 1.2594. The continuously compounded annual interest rate is 2% in
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The current USD/CAD exchange rate is 1.25 CAD per USD. A forward exchange rate is 1.2594. The continuously compounded annual interest rate is 2% in U.S. and 1.5% in Canada. What is the maturity of this forward contract?
A. 1 year B. 2 years C. 1 year and 3 months D. 1 year and 6 months E. 1 year and 9 months
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Management Of Islamic Finance
Authors: M. Kabir Hassan, Mamunur Rashid
1st Edition
1787564045, 978-1787564046
