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The following quotes are observed for the dollar price of euros. Spot 3 0 - day forward EUR / USD 1 . 0 5 3

The following quotes are observed for the dollar price of euros.

Spot

30 -

day forward

EUR

/

USD

1.0535 - 85 25 / 15

What is the bid price for euros for a

30

day forward contract?

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