Using the information from Table 16-4, calculate the percent-per-annum discount on the 90-day or 3-month pound. TABLE
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Using the information from Table 16-4, calculate the percent-per-annum discount on the 90-day or 3-month pound.
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TABLE 16-4 U.S.-Dollar Forward Exchange Rates U.S. $ Equivalent 0.7701 0.7679 0.7638 0.7587 0.00803 0.008033 0.008040 0.008053 1.0783 1.0789 1.0809 1.0846 1.5350 1.5348 1.5344 1.5339 Country/Currency Australia-dollar 1-mo forward 3-mos forward 6-mos forward Japan yen 1-mo forward 3-mos forward 6-mos forward Switzerland-franc 1-mo forward 3-mos forward 6-mos forward UK-pound 1-mo forward 3-mos forward 6-mos forward Trading and Currency per U.S. $ 1.2985 1.3022 1.3092 1.3181 124.48 124.49 124.38 124.18 0.9274 0.9269 0.9253 0.9220 0.6515 0.6515 0.6517 0.6519
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Foundations Of Finance
ISBN: 9781292155135
9th Global Edition
Authors: Arthur J. Keown, John D. Martin, J. William Petty
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