The spot exchange rate for the canadian dollar on december, Financial Management

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The spot exchange rate for the canadian dollar on december

The spot exchange rate for the Canadian dollar on December 31, 2014 was 1.1583 C$/US$, while the 3 month Euro-rates on December 31st were quoted at 1.185% per annum and 0.31% per annum for the Canadian and U.S. dollars respectively. What should the 3 month forward rate be to make it profitable for trading?

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Financial Management: The spot exchange rate for the canadian dollar on december

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