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12 words Question 2 2 pts Consider the market for Testonian drachmas (TTD). If the spot rate is 3.332/$ and the 3-month forwa
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Answer #1

FR=3.33

SR=3.332

T=3

F-S/S*12/T

3.33-3.332/3.332*12/3

-0.002/3.332*4= -0.0024*100

= -0.24(forward discount)

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