Solved: You obtain information from your bank on the forward, Finance Basics

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You obtain information from your bank on the forward

As a Canadian Exporter you have agree to offer 270 days credit terms to your Spanish buyer. You obtain information from your bank on the forward exchange rate contract and given the following information.

Calculate the forward exchange rate the bank will provide
Calculate the Canadian dollar proceed you will receive.

Amount contract 4.5 million euros spot rate 0.7971 (buy) 0.789 (sell)

Interest rate Toronto 2.5%

Interest rate Madrid 4.5%

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Finance Basics: You obtain information from your bank on the forward

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Finance Basics: You obtain information from your bank on the forward

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