The present rate of Deutsche marks per dollar is 1.79 and the 90-day forward rate is 1.78.

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The present rate of Deutsche marks per dollar is 1.79 and the 90-day forward rate is 1.78. Compute the annualized discount rate in dollars assuming 365 days in a year.

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Quantitative Methods for Business

ISBN: 978-0324651751

11th Edition

Authors: David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey cam

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Posted Date: Dec 28, 2020 01:47 AM

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The present rate of Deutsche marks per dollar is 1.79 and the 90-day forward rate is 1.78.

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Quantitative Methods for Business

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