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Variables Values Spot exchange rate 100 days later HC/FC 1.250 Spot exchange rate at maturity (200 days later) HC/FC 1.448 Forward exchange rate, matures 200

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Variables Values Spot exchange rate 100 days later HC/FC 1.250 Spot exchange rate at maturity (200 days later) HC/FC 1.448 Forward exchange rate, matures 200 days later HC/FC 1.241 Annual interest rate, home country 5% Annual interest rate, foreign country 15% Find the value of the forward contract at initiation date

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