Solved: What is the dollar value of one euro in the spot, Accounting Basics

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What is the dollar value of one euro in the spot

Assume the following spot and forward rates for the euro ($/euro).

A) What is the dollar value of one euro in the spot market?

B) Suppose you issued a 120-day forward contract to exchange 200,000 euros into Canadian dollars. How many dollars are involved?

C) How many euros can you get for one dollar in the spot market?

D) What is the 120-day forward premium?

Spot rate $16277
30-day forward rate 16330
90-day forward rate 16353
120-day forward rate 16387

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