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The current spot and futures exchange rates

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A bank customer will be going to London in June to purchase £100,000 in new inventory. The current spot and futures exchange rates are as follows: 

Exchange Rates (Dollars/Pound)

Period Rate

Spot ............ 1.5342

March .......... 1.6212

June ........... 1.6901

September .......... 1.7549

December ......... 1.8416

Reference no: EM131129412

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