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It Is Tuesday,27 March 201X,and an Australian Importing Company Has

Question 105

Multiple Choice

It is Tuesday,27 March 201X,and an Australian importing company has to pay a US exporter USD 75 000 within the next six weeks.The company enters into a forward exchange contract with an FX dealer for 'one month forward delivery' of USD.On what date will value settlement occur?


A) 29 March 201X
B) 27 April 201X
C) 29 April 201X
D) 30 April 201X

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