An Indian bank displayed the spot rate, 30 days and 60 days forward rates for INR/USD as follows: INR67.5686-788/USD 24/28 15/13 What would be the exact quotations of the 60 days forward rate? a. INR67.5701-801/USD O b. INR67.5710-816/USD O c. INR67.5671-775/USD O d. INR67.5662-760/USD

An Indian bank displayed the spot rate, 30 days and 60 days forward rates for INR/USD as follows: INR67.5686-788/USD 24/28 15/13 What would be the exact quotations of the 60 days forward rate? a. INR67.5701-801/USD O b. INR67.5710-816/USD O c. INR67.5671-775/USD O d. INR67.5662-760/USD

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter22: International Financial Management

Section: Chapter Questions

Problem 8P

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A treasurer of a company got the following quotation from an FX dealer: "The dollar euro is sixty-two ten-fifteen, thirteen-thirty-one". What is the forward rate? Select one: a. USD/EUR 0.6210-15 b. AUD/EUR 0.6210-15 c. USD/EUR 0.6223-46 d. AUD/EUR 0.6223-46 e. USD/EUR 0.6184-97
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