Suppose the spot rate of a currency is $0.37 and the 90-day forward rate is $0.36. calculate

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Suppose the spot rate of a currency is $0.37 and the 90-day forward rate is $0.36. calculate the forward rate of this currency on an annual basis.

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International Financial Management

ISBN: 978-0132162760

2nd edition

Authors: Geert Bekaert, Robert J. Hodrick

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Posted Date: Apr 07, 2023 12:30 AM

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Suppose the spot rate of a currency is $0.37 and the 90-day forward rate is $0.36. calculate

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To calculate the annual forward rate of the currency we can use the following formu... View the full answer

International Financial Management

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