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International Financial Management 2nd Edition by Geert Bekaert ,Robert Hodrick
Edition 2ISBN: 978-0132162760International Financial Management 2nd Edition by Geert Bekaert ,Robert Hodrick
Edition 2ISBN: 978-0132162760 Exercise 3
If the spot exchange rate of the yen relative to the dollar is ¥105.75$, and the 90-day forward rate is ¥103.25 $, is the dollar at a forward premium or discount Express the premium or discount as a percentage per annum for a 360-day year.
Explanation
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In this instance of 90 day forward rate ...
International Financial Management 2nd Edition by Geert Bekaert ,Robert Hodrick
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