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The following quotation is given by a bank in Kenya: Spot rate$1: KES106.65 - 109. 85 Three months forward160 - 147 cents pm What is

The following quotation is given by a bank in Kenya:

Spot rate$1: KES106.65 - 109. 85

Three months forward160 - 147 cents pm

What is the cost of the forward cover for a customer selling dollars one month forward?

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