Question
The spot rate of the euro is quoted at $1.29. The annualized forward premium on the euro is 10 percent. What is the 30-day forward
The spot rate of the euro is quoted at $1.29. The annualized forward premium on the euro is 10 percent. What is the 30-day forward rate of the euro?
(Please show the equation used to get the answer as well. Thanks.)
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Money Banking And Financial Markets
Authors: Stephen G. Cecchetti
1st Edition
0072452692, 9780072452693
