Essay
A 60-day contract has a value today in US dollars of $6,400 and $8,000 in Foreign Currency (FC) with interest rates of 5% and 8%, respectively.The spot rate today is 1 FC= .80.
Calculate the US Value in 2 months
Calculate the FC Value in 2 months
Calculate the Forward rate.
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US Value in 2 months...View Answer
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Correct Answer:
Verified
US Value in 2 months...
View Answer
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