The 1 month interest rate is 5 whats the value of the


An investor holds a 1 month short forward position on the USD. Contract calls for this investor to sell 1 million USD in 1 months time at a delivery price of $1.61 / USD. The current forward price for delivery in 1 month is $1.585 / USD. The 1 month interest rate is 5%. What's the value of the position?

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Finance Basics: The 1 month interest rate is 5 whats the value of the
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