Calculate the 90 days forward rate given the spot rate is AUD/GBP 0.438 and interest are 1%

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Calculate the 90 days forward rate given the spot rate is AUD/GBP 0.438 and interest are 1% in the UK and 3.62% in Australia ( Use 365 -day-year for both countries).

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Advanced Accounting

ISBN: 978-0538480284

11th edition

Authors: Paul M. Fischer, William J. Tayler, Rita H. Cheng

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Posted Date: May 31, 2023 12:17 AM

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Calculate the 90 days forward rate given the spot rate is AUD/GBP 0.438 and interest are 1%

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Forward Rate Spot Rate x 1 Foreign Interest Rate 1 Domest... View the full answer

Advanced Accounting

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