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The interest rate in US is 4% and in UK is 4.5%. The spot market rate is $1.77, and the forward rate is $1.72. The sterling pound is being sold at- A. Discount B. Premium C. At par D. None of the above

The interest rate in US is 4% and in UK is 4.5%. The spot market rate is $1.77, and the forward rate is $1.72. The sterling pound is being sold at- A. Discount B. Premium C. At par D. None of the above

Principles Of Marketing
Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
Problem 1.1DQ
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Time Left: 00:09:52 The interest rate in US is 4% and in UK is 4.5%. The spot market rate is $1.77, and the forward rate is $1.72. The sterling pound is being sold at- A. Discount B. Premium C. At par D. None of the above Training
Transcribed Image Text:Time Left: 00:09:52 The interest rate in US is 4% and in UK is 4.5%. The spot market rate is $1.77, and the forward rate is $1.72. The sterling pound is being sold at- A. Discount B. Premium C. At par D. None of the above Training
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