Essence cosmetics company is planning
Essence Cosmetics Company is planning a one-month campaign for June to promote sales of one of its two cosmetics products. A total of $150,000 has been budgeted for advertising, contests, redeemable coupons, and other promotional activities.
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Is the 90-day forward rate trading at a premium or discount relative to the spot rate? What is the 90-day forward rate?
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