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Author Question: The 30-day forward exchange rate is .01073033 dollars per yen. If this forward rate represents a per ... (Read 109 times)

Evvie72

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on: Jul 10, 2018
The 30-day forward exchange rate is .01073033 dollars per yen. If this forward rate represents a per
  year discount of 2.5 from the current spot rate, what is the current spot exchange rate?
 
  A) .01257754 dollars per yen B) .01329684 dollars per yen
  C) .01093833 dollars per yen D) .01073033 dollars per yen

Question 2

U.S. Treasury bills are exempt from federal, state, and local income taxes.
 
  Indicate whether the statement is true or false


ttt030911

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Reply #1 on: Jul 10, 2018
Answer to Question 1

D

Answer to Question 2

FALSE


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