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As a foreign exchange trader at Citi bank, you have just called a trader at...

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Finance

As a foreign exchange trader at Citi bank, you have just called a trader at BNP Paribas to get quotes for the euro for the spot, 30-day, 60-day, 90-day and 180-day forward rates. Your BNP Paribas counterpart stated, "We trade euro at 0.7556-60/$, 20/24, 40/44, 56/64 and 70/78." What cash flows would you pay or receive if you do a foreign exchange swap in which you swap into 1,000,000 at the 30-day rate and out of 1,000,000 at the 60-day rate, and which interest rate between dollar and euro is higher? Select one:

a. $758,400; $759,600; euro

b. $1,319,958; $1,315,097; euro

c. $758,400; $759,600; dollar

d. $1,318,565; $1,316,482; dollar

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