Business, 06.08.2019 02:30 hailie2002
Your firm has a british customer that is willing to place a $1 million order, but wants to pay in pounds instead of dollars. the spot exchange rate is $1.85 = £1.00 and the one-year forward rate is $1.90 = £1.00. the lead time on the order is such that payment is due in one year. what is the fairest exchange rate to use?
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Your firm has a british customer that is willing to place a $1 million order, but wants to pay in po...
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