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The following are the prices in the foreign exchange market between the U.S. dollar and another local currency (LC). What was the discount or premium
The following are the prices in the foreign exchange market between the U.S. dollar and another local currency (LC).
What was the discount or premium on 3-month forward for LC? A. 0.643% premium B. .013% premium C. .013% discount D. 0.643% discount
Spot 3-month forward 0.03117 LC 6-month forward$0.03118/LC $0.03112 LCStep by Step Solution
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