The euro spot exchange rate is 120euro and the one year, Ask an Expert

Finance

The €/$ spot exchange rate is $1.20/€ and the one year forward price is €.85/$. Find the forward premium (discount) from the American point of view. Round intermediate steps and your final answer to four decimals. Enter your answer in decimal format.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92311432

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