Question: The direct quotation for EUR is 1 . 1 5 USD. The annual forward premium is 7 % . What is the 1 8 0

The direct quotation for EUR is 1.15 USD. The annual forward premium is 7%.
What is the 180-day forward rate on a contract to purchase USD with EUR?
The direct quotation for EUR is 1.15 USD. The annual forward

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