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Find what is the ninty-day forward rate

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Question 1: The foreign exchange department at Tokyo's Daiwa Bank quoted the spot rate on the euro at €0.007040/¥. The 90-day forward rate is quoted at a premium of 5.00 percent on the euro. What is the 90-day forward rate? (Round answer to 6 decimal places, e.g. 15.251945. Use 360 days for calculation.)

Reference no: EM132522777

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