If the forward rate is used to forecast the spot rate, and the forward rate...
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Accounting
If the forward rate is used to forecast the spot rate, and the forward rate of the Canadian dollar contains a 1.5% discount, and today's spot rate of the Canadian dollar is $.77, what is the spot rate forecasted for one year ahead? Select one: a. $.728. b. $.758. c. $.741. d. $.771. e. none of the above
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