Question
The direct quotation for EUR is 1.15 USD. The annual forward premium is 7%. What is the 180-day forward rate on a contract to purchase
The direct quotation for EUR is 1.15 USD. The annual forward premium is 7%. What is the 180-day forward rate on a contract to purchase USD with EUR? answer with three decimal places.
Answer:
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Fundamentals Of Financial Management
Authors: James Van Horne, John Wachowicz
13th Revised Edition
978-0273713630, 273713639
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