Account payable is due on march 5th 2018 and the futures


Spot rate = 1.0962

Forward rate = 1.1062

Account payable is due on March 5th 2018, and the futures price is set for the third Wednesday of March, which is March 21st 2018.

How do i annualize the forward rate to account for the 16 days?

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Finance Basics: Account payable is due on march 5th 2018 and the futures
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