Explain the relation between each pair of currencies. Spot Rate Forward Rate a. $1.655/ $1.6001/ b. 104.45/$

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Explain the relation between each pair of currencies.

Spot Rate                     Forward Rate
a. $1.655/£                 $1.6001/£
b. ¥104.45/$              ¥102.33/$
c. C$1.1121/$          C$1.0940/$

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Fundamentals of Corporate Finance

ISBN: 978-1119371403

4th edition

Authors: Robert Parrino, David S. Kidwell, Thomas Bates

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