Question: Problem 21.23 Your answer is incorrect. Try again. The foreign exchange department at Tokyos Daiwa Bank quoted the spot rate on the euro at 0.007130/.

Problem 21.23


	Your answer is incorrect. Try again.

The foreign exchange department at Tokyos Daiwa Bank quoted the spot rate on the euro at 0.007130/. The 90-day forward rate is quoted at a premium of 4.50 percent on the euro. What is the 90-day forward rate? (Round answer to 6 decimal places, e.g. 15.251945. Use 360 days for calculation.)

Forward rate

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