Currency trading at discount or at premium in forward market
What is currency trading at discount or at premium in forward market?
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Forward market includes contrasting today for future purchase or sale of foreign exchange. Forward price is quite similar to the spot price, however it is usually higher or lower in comparison to the spot price.
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I have worked the problem. I need to know if it is correct. If not, what I'm missing.
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State Net Profit in brief?
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