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Your company has sent you on an overseas assignment in Budapest, Hungary. The current indirect rate for the Hungarian forint is 187.90. If the 18-month

Your company has sent you on an overseas assignment in Budapest, Hungary. The current indirect rate for the Hungarian forint is 187.90. If the 18-month interest rate in the U.S. is 3 percent and the 18-month interest rate in Hungary is 8.5% (annually), what is the 18-month forward rate?

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