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katerooshkie katerooshkie
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6 months ago
Montreal First Bank is selling forward contracts on the USD/CAD exchange market. What exchange rate would they require for a three-month forward rate, if the spot rate is C$ 1.0200/USD and the interest rates are 3% and 2.5% in Canada and the US respectively?

▸ C$1.0187

▸ C$1.0200

▸ C$1.0249

▸ C$1.0213
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Corporate Finance

Corporate Finance


Edition: 5th
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starikovsstarikovs
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6 months ago
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katerooshkie Author
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6 months ago
Just got PERFECT on my quiz
fxinternational
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Thanks for your help!!
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2 hours ago
You make an excellent tutor!
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