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7.18 Suppose it is 1995 and the following direct quotes are received for spot and...

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7.18 Suppose it is 1995 and the following direct quotes are received for spot and one- month French francs in New York: .1160-684-6. Then the outright 30- day forward quote for the French franc was: a) .1156-62 b) 1164-74 c) 1166-72 d) .1154-64

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