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Calculate the Forward Exchange Rate Using the Following Information

Question 91

Multiple Choice

Calculate the forward exchange rate using the following information.spot exchange rate is $1.45 for 1 Euro.The nominal interest rate in Canada is 6 percent and the nominal interest rate in Europe is 4%.


A) 1.44
B) 1.43
C) 1.45
D) 1.41
E) 1.42

Correct Answer:

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