Homework Answers
rate positively ..
| i | Account payable in pound = | 147762 | ||||
| ii | Forward rate = | 1.225 | ||||
| iii=i*ii | Therefore after 3 month USD payable = | $ 181,008.45 | ||||
| ans = | $ 181,008.45 | |||||
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Assume that a U.S. company has a long forward contract on British pounds at $1.225 per...
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