khandon7385 khandon7385

19-03-2024
Business

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The current annual US interest rate is 10% while its UK counterpart is 8%. The direct quote of one pound sterling in the spot exchange rate market is $ 1.83. Price a one 4 month forward contract for t:
a) $1.8552
b) $1.8642
c) $1.8732
d) $1.8822

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