On August 1, 2019, when the spot rate was US$1 - C$102, Avery Corporation of Winnipeg,...

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On August 1, 2019, when the spot rate was US$1 - C$102, Avery Corporation of Winnipeg, Manitoba, ordered equipment from an Am

Multiple Choice A premium of $2,500 Гоо оо. A discount of $2,500 A premium of $7,500 A discount of $7,500

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Answer 1

Answer #1

Answers option (B). Forward premiomi discount forward -spot spot 1.01 1.02 spot 1.02 1.02. = -0.98 Aiscount Discount = -0.98*

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On August 1, 2019, when the spot rate was US$1 - C$102, Avery Corporation of Winnipeg,...

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