Question: The forward rate may be defined as a ) The forecasted future value of a foreign currency. B) The U.S. dollar value of a foreign

The forward rate may be defined as

a ) The forecasted future value of a foreign currency.

B) The U.S. dollar value of a foreign currency.

C) The Euro value of a foreign currency.

D) The price today at which a foreign currency can be purchased or sold in the future.

E) The price a foreign currency can be purchased or sold today.

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