The spot exchange rate is 120 and the one year forward, Financial Management

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The spot exchange rate is 120 and the one year forward

The €/$ spot exchange rate is $1.20/€ and the one year forward price is €.85/$. Find the forward premium (discount) from the American point of view. Round intermediate steps and your final answer to four decimals. Enter your answer in decimal format.

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Financial Management: The spot exchange rate is 120 and the one year forward

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Financial Management: The spot exchange rate is 120 and the one year forward

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