Question: Question 16 (2 points) The $/ spot exchange rate is $1.10/ and the 120-day forward discount rate for the euro is 20%. Find the 120-day

Question 16 (2 points) The $/ spot exchange rate is $1.10/ and the 120-day forward discount rate for the euro is 20%. Find the 120-day forward exchange rate for the Euro. $1.027. $0.9600. $1.320. $1.173. $1.100.

The $/ spot exchange rate is $1.10/ and the 120 -day forward discount rate for the euro is 20%. Find the 120 -day forward exchange rate for the Euro. $1.027. $0.9600. $1.320. $1.173. $1.100

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