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Look at the exchange rates in Table 22-1. Does the Swiss franc sell at a lorward premium or discount on the dollar? Does this

Forward Rate 3 Months 1 Year Quotation Spot Rate 1 Month 1 Spolond hange rates for 1.2007 Direct Indirect Indirect Direct 146

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The formula for Interest rate Pority (IRP) is where : I forward pake Spot Rate. So 7 - Interest rate in home country. = Inter

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