You are in need of Swiss (Switzerland) francs in six months, but before entering a forward contract
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You are in need of Swiss (Switzerland) francs in six months, but before entering a forward contract to buy them, you would like to know their premium or discount if the spot rate is 0.9772 and the forward six-month rate is 0.9783.
Selling quotes for Foreign Currencies in newYork
Transcribed Image Text:
Country-Crency Contract $/Forelgn Currency Canada dollar Spot 30-day 90-day Spot 30-day 90-day Spot 30-day 90-day 8439 8410 8390 004680 004720 004787 5140 5179 -5335 Japan-yen Switzerland-franc
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Related Book For
Financial Management Principles and Applications
ISBN: 978-0133423822
12th edition
Authors: Sheridan Titman, Arthur Keown, John Martin
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