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The spot exchange rate 110/$ has a 90 day forward premium of 12 percent APR. The 90 day forward exchange rate is: 106.70/$1. 122.90/$1. 113.30/$1.
The spot exchange rate 110/$ has a 90 day forward premium of 12 percent APR. The 90 day forward exchange rate is:
- 106.70/$1.
- 122.90/$1.
- 113.30/$1.
- 116.60/$1.
- None of the options.
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Accounting What the Numbers Mean
Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele
10th edition
9780077515904, 007802529X, 77515900, 978-0078025297
