Question
The spot dollar in terms of Indian rupee is given as 60.2100/$ and the one-month dollar is given as 60.6150/$. Calculate the percent premium/discount per
The spot dollar in terms of Indian rupee is given as 60.2100/$ and the one-month dollar is given as 60.6150/$. Calculate the percent premium/discount per annum on the dollar. Also calculate how many more of the forward dollar that will be needed to purchase 10,000 Indian rupees per annum compared with the spot dollar.
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
